Monday, March 30, 2009

Quote(s) of the Month

In a scathing response to the whining of Jake DeSantis and anyone else who thinks the American public is somehow legally or morally obliged to pay "retention" bonuses, Matt Taibbi writes:
[...] [L]et's just say, Jake, that you're telling the truth, that you don't know anything about this toxic portfolio. If that's the case, then why the fuck does anyone need to retain you at an exorbitant salary to help unwind that very portfolio? If these transactions aren't and never were your expertise, then where the hell is your value here?
And...
[...] [H]alf of Wall Street is unemployed right now. There are plenty of unemployed traders out there whose resumes don't include such entries as "Worked for years at small unit of AIG that helped destroy the universe; throughout that time was completely ignorant of burgeoning global disaster unfolding 5 feet from my desk."
And... well click the link and read for yourself. You won't be disappointed.

1 comment:

  1. I'm hoping there will be more oversight built into the U.s. system, as in Canada.

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