In this world there’s room for everyone, and the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men’s souls, has barricaded the world with hate, has goosestepped us into misery and bloodshed. - Charlie Chaplin
No drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the sources of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed and love of power. - P.J. (Patrick Jake) O’Rourke
Wall street executives get actual bonuses based on profits on paper. Let's say that they bought a stick that increased a lot. But they didn't sell it. But they still got bonuses (actual money) based on profits on paper. Now, if the stock falls then the profits gets wiped out but the executive still has the money.
This is not fair at all. Either he should return the money or he should get bonus only on actual and real hard cash profits (that is, they need to sell the stocks at a profit). If this was done from the beginning then we wouldn't have seen the financial crisis like this because no one would have bought sub-prime so much (packaged in exotic investment vehicles). To get bonuses, they would have had to show real profits from sub-prime and then they wouldn't have bought so much sub-prime.
In this world there’s room for everyone, and the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men’s souls, has barricaded the world with hate, has goosestepped us into misery and bloodshed. - Charlie Chaplin
Too on target to be funny. Will we still be laughing five years from now?
Nobody bailed me out when I needed money. I just had to tighten my belt and keep going.
Why should these white collar crooks be protected from their jackass decisions? So now they're not only stealing their company's money, they're taking yours and mine too!
So where's the strong leader who's going to throw the tea in Boston's Harbor?
Once again.....I had to hold my hand over my mouth becasue I was having an "OMG...... he did not say that moment".
It seems everytime I want a chunk of collective American conscious all I have to do is check out your latest cartoon. You have a knack of doing that and it is a true gift. To say what they others are thinking, but don't dare to, requires a certain skill level, and a lot of meditating on the subject.
Thank you for your smartass sarcasm/satire. It is very refreshing.
This is not just Wall Street executives, this was how the law firm Thelen LLP took care of business. In court where former employees have a lawsuit for non-payment of wages and accrued vacations, the defense for Thelen equity partners claims there is no money to pay the employees. But each equity partner took their $860,000 equity bonus. If each equity partner contributed back $20,000, it would probably be sufficient to pay all the staff and associates for the December paycheck, plus accrued vacation time. Not only Wall Street is burying themselves, SO ARE THE LAWYERS. AS SHAKESPEARE SAID "The first thing we do, let's kill all the lawyers". - (Henry VI, Act IV, Scene II)..
Just when I thought Mark has fallen under the spell of mediocre cartoons, he had a stoke of genius. DON'T brace yourself, Mark, you have to do it again and again ... and again ...
at least in the second one he admits he's a socialist. that explained a lot to me about what he said in the first video.
yep... exactly what you'd [i'd] expect from a socialist.
unfortunately, very appealing to young minds.
bon voyage, kids. believe hime and you will scuttle your futures on dreams that not only can't come true, but shouldn't come true. read atlas shrugged for another view, more accurately reflecting what's happened over the past 30-40 years, and why.
Let me get this right: is "socialist" the new "liberal"? It's pretty funny for a non-American like me to hear people use these words as negative adjectives...
In any case, it may be worthwhile for people to stop and reexamine their long held believes on economic matters. The collapse of the system does suggest it has its issues; Ignoring them will only make things worse. It looks like Republicans are unable to do so. Oh, wait, they did seem to modify their "deregulation-tax cuts" mantra. Now it is all about tax cuts. Perhaps there is hope after all?
Actually, "socialist" is the *old* "liberal", a lighter, politer "you hate America" version of the "you loathe and want to destroy America" "communist" label which McCarthyism popularised a few decades ago.
And while I generally disagree with the Randian "sharing = communism = evil" tautology a lot of rightists ("conservatives") like to bandy about, I cant help but view this bailout nonsense as the government cleaning up after big finance's mistakes at the expense of the taxpayer, in order to protect an economy predicated on uncontolled, nigh-uncontrollable consumption.
Which means it will probably happen again.
So no, there is no hope after all.
The government and economy has, between them, lost a check or a balance somewhere, and unless it's identified and replaced, all of these problems will resurface sooner, rather than later.
hopefully america will take a good look at other countries banking systems (like Canada) and get some new ideas that way....
i doubt they could chop down the number of major banks to the 5 in Canada but they could probably get it to within the 200-300 range rather then the thousands they have now...
Oh, Mr. Fiore. The bailout money oxygen masks made me laugh—which is a feat, since the cartoon is truer than you may realize.
Some articles for the Fioreites to digest:
Why the Presidential directive to cap Wall Street salaries is nothing more than good optics.
A simple-to-understand article about how the major banks are being split into profitable "good" banks, and debt-ridden "bad" banks. Guess which one the taxpayers are being saddled with?
And yet more proof that the deterioration of the housing market is worsening and the US capital markets are effectively insolvent. Functionally, there's very little chance Uncle Sam can pull out of this tail-spin.
I recommend that Fioreites not read any of the articles if they wish to persist living in the illusion that 'it will all turn around'. Rather, they should visit the MSM investor channels, where investment funds are offering 100% ROI by the end of 2009. Act NOW! You'll become ludicrously rich! But only if you act and send your money to us right now. ...Please.
If, however, Fioreites are interested in knowing more about what's going on and where they're going, here's a telling article by the former Assistant Secretary of Housing.
I recommend watching the Fiore hope-o-mercial mk1.0 from a few weeks ago before diving in. It will help build up the needed resistance. ;)
Are you so determined to pretend that you are better than everyone else, that you must persist in this delusion that you are the only person paying attention to anything? Most of us already know the occasional fact you sometimes manage to accidentally convey (always buried in a pile of innuendo, snide insults, and outright falsehoods).
OK. For the last time, I'm sorry about Mr. Fluffles.
It was late at night... The roads were icy. I just didn't hit the breaks in time. I couldn't.
But now you come in here accusing me of falsehoods and innuendo in front of all my friends and Mr. Fiore?
I can't bring back Mr. Fluffles! I'm sorry, Anonymous--I just can't. Trolling my posts isn't going to bring your Fluffykins back. It's time for you to let go.
These jerks should be tossed out on their asses without a penny. I think the government should have bought controlling interests in these banks and companies, throw these jerks out on their asses without a penny. Find someone decent to run these banks and companies and give them loans which they have to pay back with interest and sale the stock when it's price is high again so the government make back at least some of the bail out money.
Comments
In this world there’s room
In this world there’s room for everyone, and the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men’s souls, has barricaded the world with hate, has goosestepped us into misery and bloodshed. - Charlie Chaplin
No drug, not even alcohol, causes the fundamental ills of society. If we’re looking for the sources of our troubles, we shouldn’t test people for drugs, we should test them for stupidity, ignorance, greed and love of power. - P.J. (Patrick Jake) O’Rourke
Wall street executives get
Wall street executives get actual bonuses based on profits on paper. Let's say that they bought a stick that increased a lot. But they didn't sell it. But they still got bonuses (actual money) based on profits on paper. Now, if the stock falls then the profits gets wiped out but the executive still has the money.
This is not fair at all. Either he should return the money or he should get bonus only on actual and real hard cash profits (that is, they need to sell the stocks at a profit). If this was done from the beginning then we wouldn't have seen the financial crisis like this because no one would have bought sub-prime so much (packaged in exotic investment vehicles). To get bonuses, they would have had to show real profits from sub-prime and then they wouldn't have bought so much sub-prime.
In this world there’s room
In this world there’s room for everyone, and the good earth is rich and can provide for everyone. The way of life can be free and beautiful, but we have lost the way. Greed has poisoned men’s souls, has barricaded the world with hate, has goosestepped us into misery and bloodshed. - Charlie Chaplin
But ask yourself: What Would
But ask yourself: What Would John Thain Do?
Too on target to be funny.
Too on target to be funny. Will we still be laughing five years from now?
Nobody bailed me out when I needed money. I just had to tighten my belt and keep going.
Why should these white collar crooks be protected from their jackass decisions? So now they're not only stealing their company's money, they're taking yours and mine too!
So where's the strong leader who's going to throw the tea in Boston's Harbor?
Once again.....I had to hold
Once again.....I had to hold my hand over my mouth becasue I was having an "OMG...... he did not say that moment".
It seems everytime I want a chunk of collective American conscious all I have to do is check out your latest cartoon. You have a knack of doing that and it is a true gift. To say what they others are thinking, but don't dare to, requires a certain skill level, and a lot of meditating on the subject.
Thank you for your smartass sarcasm/satire. It is very refreshing.
This is not just Wall Street
This is not just Wall Street executives, this was how the law firm Thelen LLP took care of business. In court where former employees have a lawsuit for non-payment of wages and accrued vacations, the defense for Thelen equity partners claims there is no money to pay the employees. But each equity partner took their $860,000 equity bonus. If each equity partner contributed back $20,000, it would probably be sufficient to pay all the staff and associates for the December paycheck, plus accrued vacation time. Not only Wall Street is burying themselves, SO ARE THE LAWYERS. AS SHAKESPEARE SAID "The first thing we do, let's kill all the lawyers". - (Henry VI, Act IV, Scene II)..
Probably closer to the
Probably closer to the truth, than you even realize...
So true it hurts!
So true it hurts!
Great and so true!!
Great and so true!! Shamefull as it all is..
Just when I thought Mark has
Just when I thought Mark has fallen under the spell of mediocre cartoons, he had a stoke of genius. DON'T brace yourself, Mark, you have to do it again and again ... and again ...
One word! Priceless!!!!!!!
One word! Priceless!!!!!!!
Check out these two videos.
Check out these two videos. They're very interesting and informative.
Capitalism Hits The Fan: A Lecture on the Economic Meltdown
http://www.youtube.com/watch?v=M8ZH1ejtIFo
Capitalism Hits The Fan: A Marxian View
http://video.google.com/videoplay?docid=7382297202053077236
at least in the second one
at least in the second one he admits he's a socialist. that explained a lot to me about what he said in the first video.
yep... exactly what you'd [i'd] expect from a socialist.
unfortunately, very appealing to young minds.
bon voyage, kids. believe hime and you will scuttle your futures on dreams that not only can't come true, but shouldn't come true. read atlas shrugged for another view, more accurately reflecting what's happened over the past 30-40 years, and why.
Let me get this right: is
Let me get this right: is "socialist" the new "liberal"? It's pretty funny for a non-American like me to hear people use these words as negative adjectives...
In any case, it may be worthwhile for people to stop and reexamine their long held believes on economic matters. The collapse of the system does suggest it has its issues; Ignoring them will only make things worse. It looks like Republicans are unable to do so. Oh, wait, they did seem to modify their "deregulation-tax cuts" mantra. Now it is all about tax cuts. Perhaps there is hope after all?
Actually, "socialist" is the
Actually, "socialist" is the *old* "liberal", a lighter, politer "you hate America" version of the "you loathe and want to destroy America" "communist" label which McCarthyism popularised a few decades ago.
And while I generally disagree with the Randian "sharing = communism = evil" tautology a lot of rightists ("conservatives") like to bandy about, I cant help but view this bailout nonsense as the government cleaning up after big finance's mistakes at the expense of the taxpayer, in order to protect an economy predicated on uncontolled, nigh-uncontrollable consumption.
Which means it will probably happen again.
So no, there is no hope after all.
The government and economy has, between them, lost a check or a balance somewhere, and unless it's identified and replaced, all of these problems will resurface sooner, rather than later.
hopefully america will take
hopefully america will take a good look at other countries banking systems (like Canada) and get some new ideas that way....
i doubt they could chop down the number of major banks to the 5 in Canada but they could probably get it to within the 200-300 range rather then the thousands they have now...
Breaking News: The plane
Breaking News: The plane has crashed at Wall Street, instead of the Hudson River Bank!
is that "righteous
is that "righteous indignation" I am hearing, Mark...???..
Thank You for expressing is so SUCCINCTLY for the rest of us !!!!
john thain's 'commode' was
john thain's 'commode' was NOT a turlet. it was a small antique cabinet...
sadly, despite the error, the piece was spot on.
Oh, Mr. Fiore. The bailout
Oh, Mr. Fiore. The bailout money oxygen masks made me laugh—which is a feat, since the cartoon is truer than you may realize.
Some articles for the Fioreites to digest:
Why the Presidential directive to cap Wall Street salaries is nothing more than good optics.
A simple-to-understand article about how the major banks are being split into profitable "good" banks, and debt-ridden "bad" banks. Guess which one the taxpayers are being saddled with?
And yet more proof that the deterioration of the housing market is worsening and the US capital markets are effectively insolvent. Functionally, there's very little chance Uncle Sam can pull out of this tail-spin.
I recommend that Fioreites not read any of the articles if they wish to persist living in the illusion that 'it will all turn around'. Rather, they should visit the MSM investor channels, where investment funds are offering 100% ROI by the end of 2009. Act NOW! You'll become ludicrously rich! But only if you act and send your money to us right now. ...Please.
If, however, Fioreites are interested in knowing more about what's going on and where they're going, here's a telling article by the former Assistant Secretary of Housing.
I recommend watching the Fiore hope-o-mercial mk1.0 from a few weeks ago before diving in. It will help build up the needed resistance. ;)
Best Wishes,
COTO
P.S. Your RSS feed seems to be frozen. :(
...? Are you so determined
...?
Are you so determined to pretend that you are better than everyone else, that you must persist in this delusion that you are the only person paying attention to anything? Most of us already know the occasional fact you sometimes manage to accidentally convey (always buried in a pile of innuendo, snide insults, and outright falsehoods).
OK. For the last time, I'm
OK. For the last time, I'm sorry about Mr. Fluffles.
It was late at night... The roads were icy. I just didn't hit the breaks in time. I couldn't.
But now you come in here accusing me of falsehoods and innuendo in front of all my friends and Mr. Fiore?
I can't bring back Mr. Fluffles! I'm sorry, Anonymous--I just can't. Trolling my posts isn't going to bring your Fluffykins back. It's time for you to let go.
- COTO
Mark, you are so good,
Mark, you are so good, thanks for the rolling on the floor laughing !
These jerks should be tossed
These jerks should be tossed out on their asses without a penny. I think the government should have bought controlling interests in these banks and companies, throw these jerks out on their asses without a penny. Find someone decent to run these banks and companies and give them loans which they have to pay back with interest and sale the stock when it's price is high again so the government make back at least some of the bail out money.
here is hoping for an
here is hoping for an unfortunate plane crash!....
Hahaha! This is the best one
Hahaha! This is the best one yet! You nailed it.
The new animation is up.
The new animation is up. Come fly Wall Street Executive Air! (Now, with John Thain's toilet.) Enjoy, and comment away!
-Mark
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