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alstry (36.32)

Is Jamie Dimon Worth 420 Teachers, Soldiers and/or Police Officers?

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April 10, 2011 – Comments (25)

Jamie Dimon is the man that pays you no interest on your savings.  He is the man who was bailed out by taxpayers.  AND he is the ONE that made approximately $21 million in compensation last year.

Assuming an average income of $50K per year, taxpayer bailed out Mr. Dimon earns the equivelent of about 420 teachers, soldiers, firefighters, and/or police officers.

We are firing teachers, firefighters, and police officers but Mr. Dimon pays no interest on your savings..........

Something seems backwards here.....maybe we should tax bailed out Mr. Dimon a bit more and save hundreds of Police Officer, Teacher, and Firefighter jobs.

When the taxpayers bail out the rich and hose the poor.....pretty soon the poor get pretty upset and demand their money back.

It's time....unless we are forced to fight first.

Who is John Galt?

 

25 Comments – Post Your Own

#1) On April 10, 2011 at 5:56 PM, mm5525 (< 20) wrote:

Wrong. Ben Bernanke is the man that pays you no interest on your savings. The banks were bailed out because they were systemic risks to our global economy. I suppose you would have been fine with our entire banking system collapsing instead. That would have really helped out all those teachers, firefighters, police officers.   

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#2) On April 10, 2011 at 6:14 PM, alstry (36.32) wrote:

I would rather our banking system collapse, and replaced by restructured solvent banks....

than fire millions of teachers, police officers and firefighters.

We used to say as GM goes, America goes.....

We let GM go bankrupt, millions of widows and orphans lost their entire investment....and America and GM kept on going.

NOTHING would have happend if we restured the banks...except a whole bunch of bankers would have gone broke for making bad loans, just like they should have and we would have now had a restructured, solvent and vibrant banking system.

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#3) On April 10, 2011 at 6:30 PM, mm5525 (< 20) wrote:

GM was not a systemic risk to the global economy. Sorry. Our banking system is. Also, what do you have to say about the fact Fannie, Freddie, and Ginnie insured most of those "bad" loans?

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#4) On April 10, 2011 at 6:38 PM, alstry (36.32) wrote:

We had a mechanism in place to restructure the banks and Agencies after the S&L crisis....Bill Black confirms this and is the foremost expert on banking solvency in America.

The systematic risk was a joke....a joke on the American people. 

However, if you are right....

And if in fact they were a systemic risk, then all the money their executives made during the period of time they IMPROPERLY morphed into a systemic risk should be clawed back and returned to the taxpayers....just like we are doing to Madoff.

Fair?

And with hundreds of millions we claw back...just $500 from Henry Paulson, we could hire hundreds of thousands of tax paying police officers, firefighters and teachers.

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#5) On April 10, 2011 at 6:47 PM, mm5525 (< 20) wrote:

So let me get this straight, virtually all big U.S. banks go belly up all at the same time.... no problem. Millions of people standing in lines for blocks all trying to pull their money out of our banking system like when Indymac went under, no problem. Just a funny joke to you.   

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#6) On April 10, 2011 at 7:01 PM, alstry (36.32) wrote:

Nope...we simply take them over like GM....or any other bank that fails....and depositors get their money the next morning.

We closed over a thouand banks in 1990...no big deal...but this time we were prepared with laws in place....and the depositors would never know the difference.

Just ask Bill Black...he is the nation's foremost expert on the subject as the chief prosecutor of the S&L crisis...

FYI...in our system, there is NOTHING too big to fail....and if it is, we should nationalize it tommorrow.

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#7) On April 10, 2011 at 7:20 PM, mm5525 (< 20) wrote:

So you're saying most of the big U.S. banks getting  nationalized all in a span of a month or two would be "no big deal" and would not have been a systemic risk to our global economy. It's all a joke and no big deal. Gosh, nothing phases you...

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#8) On April 10, 2011 at 7:31 PM, alstry (36.32) wrote:

OK...Assume you are right...exactly where I wanted you to be at this point in our discussion....

Since it was the bankers that improperly put us into this position, when do you think we should claw back their compensation for the last ten years?

Tomorrow morning or afternoon.

Then we could take that money and give our soldiers bonuses and pay down the deficit.

No bailed out bank executive is worth 420 teachers and/or soldiers.

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#9) On April 10, 2011 at 7:44 PM, mm5525 (< 20) wrote:

Wrong yet again. Fannie Mae, Ginnie Mae, Freddie Mac, The Federal Reserve, big banks, the borrowers, the U.S. Congress, the rating agencies, mortgage brokers, and the appraisers all improperly put us into this position.    

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#10) On April 10, 2011 at 8:08 PM, alstry (36.32) wrote:

Perfect....let's claw back all their compensation too...we will payoff the deficit in no time and be able to hire thousands of cops, firefighters and school teachers.

Looks like you and I are in full agreement.

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#11) On April 10, 2011 at 8:17 PM, Betapeg (< 20) wrote:

It was mass hysteria, no doubt, by all those involved, not just bankers. But I would with alstry on the nationalization of banks. Not only that, but I would totally liquidate the entire bank, fire the entire board of directors, and there would not be a "too-big-to-fail" bank. If Citigroup needs a bailout, we'll give them one (in the interest of saving the financial system), but there would be no more Citigroup when all is said and done. 

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#12) On April 10, 2011 at 9:22 PM, alstry (36.32) wrote:

You think teachers might bring their own justice against bankers as more and more get fired?

Connecticut Teachers - Hundreds of Layoffs Possible

and bailed out bankers get billions in bonuses from their tax dollars?

Once you get bailed out by taxpayers....you really are not entitled to a bonuses....especially if you are not paying taxpayers much money for savings.

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#13) On April 10, 2011 at 10:02 PM, devoish (96.28) wrote:

Alstry, Fannie and Freddie did not insure MOST of the bad loans, at least before 2007.

Since the Bush bailout of the banks, Fannie and Freddie have been put in receivorship and been used to buy bad loans from Citi, AIG, GMAC et al, enabling them to turn bad loans into good money, money that was ours  and that is now the banks. Obama has continued that back door bailout, which has enabled the front door bailout to be paid back amid great aclaim.

Best wishes,

Steven

PS. if there is gong to be a bailout, I agree with betapeg.

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#14) On April 10, 2011 at 10:09 PM, alstry (36.32) wrote:

Here is the fun part....in the end, our SYSTEM is bankrupt.

If we keep firing cops, teachers, firefighters, retail workers, and millions of others

pretty soon America will be down to only a few people capable of consuming under our present system.

Since America is bankrupt, and now running on fraudulently printing money....when we are finally going to deal with our condition, who is going to pay back the loans?

The poor have nothing....and the rich.....well they should be broke too if America is broke.....because they only made money because America was a functioning system.

When the Rich don't care about America, the rich don't derserve to be Rich....

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#15) On April 10, 2011 at 10:09 PM, mm5525 (< 20) wrote:

I wonder why Liberals constantly talk about firefighters, teachers, and cops. Sure, these are very important professions,  but very few people can run multi billion dollar corporations. It's pretty easy to be a teacher, firefighter, or cop and the variance of pay is commensurate with that fact. What gives you the right to dictate a compensation package for a CEO who creates value for his shareholder?  It is irrelevant the firm was bailed out by taxpayers. First, JPMorgan paid the TARP money back with interest and warrants. The Treasury made a profit. Why don't you blame the Treasury for not taking their profits to hire firefighters, school teachers, and cops? CEOs deserve their pay if they perform and their Board views the pay as appropriate. You have no right to say someone can't have a bonus. Once again, Ben Bernanke is why savings accounts aren't earning much interest, not specific bank CEOs.   

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#16) On April 10, 2011 at 10:17 PM, alstry (36.32) wrote:

BullS.it...

I wonder why conservatives who talk about exectutives that were bailed out by government think they are running solvent businesses?

They are bankrupt welfare recipients....just on a much larger scale than most welfare recipients.  JP Morgan only paid TARP back on the back of an even BIGGER stealth bailout.

If you loan me a million, I can easily pay back the $100K I owe you......

and I may test this in court in upcoming months against the banks duty to keep lending citizens more and more money...since that is exactly what the citizens are doing for them.

When it is the taxpayer paying the bankers salary...I have every right to say whatever I want...and so does any other citizen, including you.

Just like you are saying what teachers, cops, firefighters, and soldiers should make

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#17) On April 10, 2011 at 10:30 PM, mm5525 (< 20) wrote:

I get it, you hate the banks. Yet you never blame the government for their roll. Why not blame the Fed for allowing the banks to do this? It takes two to tango... try spewing your hate a little more evenly.

  

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#18) On April 10, 2011 at 10:39 PM, alstry (36.32) wrote:

I don't hate banks...some very close friends of mine own banks.

Banks are good by in large and did wonderful things for the progress of America.

I just hate bankrupt banks that get handouts from taxpayers and act like they are solvent.  And as I said above, to me the Fed and the culpable banks are a difference without a distinction since the Fed is legally owned by those banks.

I can even add in PUBLICLY bailed out non bank "public" companies like GE, McDonalds, Harley Davidson, and most of the public homebuilders....

The list of massive public bailout recipients is much larger than you could imagine....

What I don't understand is why you hate teachers, cops, firefighters and soldiers?  Men and Women who actually work for salaries at much lower payscales then the publicly bailed out executives we are contemplating.

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#19) On April 10, 2011 at 11:10 PM, mm5525 (< 20) wrote:

Now you are teetering on the brink of absurdity when you suggest I somehow hate teachers, cops, and firefighters just because I we disagree. Meanwhile, don't let small details like government policies get in the way of your hatred for firms that need bailouts. Stop and ponder why firms get bailed out. It's because of perceived systemic risks. I'm surprised a central planning Liberal such as yourself would not realize that government props up sectors due to the socioeconomic betterment for all.    

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#20) On April 11, 2011 at 12:07 AM, ikkyu2 (99.14) wrote:

Our local teachers, police and firefighters average $120K.  Primary care docs are getting $90K-$110K around here, at least the ones that are left.  What they have in common: pay is set by and paid by the government.

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#21) On April 11, 2011 at 1:27 AM, L0RDZ (78.57) wrote:

Firefighters ???? cops ????? and teachers ?????????  are worthless.

Cops dont serve and protect, I'd rather have the ability to serve and protect myself with  mister ar-15   and  mister pimp slap.....  f them.....

 fire fighters ??? they basically come once the fire is done.... worthless......  you can have volunteers who don't get paid same thing for cops.....   and same thing for teachers...

most of my teachers in the formal educational system  seriously overpaid worthless scum of the earth....  who have shamelessly brainwashed the youth into convincing the idiot youth to vote for Barack  oh what a bad choice.

So your bogus oh lets save them  lets  F them

force them to sell their bodies to make or let them earn min wage..

 because most probably dont deserve more than that... given how most people live on the earth....  making far far less..

 

 

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#22) On April 11, 2011 at 1:37 AM, L0RDZ (78.57) wrote:

Now for bailed out bank executives  and top managers.... of failed institutions.... these idiots should be sold into slavery...... not bailed out by tax-payers.....

But the ones who started the fire... are now highly paid consultants offering advice about all the junk they personally helped unleash...

Maybe they all should be neutered in a pain ful way.... ask for a bail out  fine..  here comes mister scissors to cut your thingy down.....

Or the twenty pound sledge hammer to smash them on an anvil...

Oh i'm sure there are some women folk, just as bad and equally culpable....   like the wives and girlfriends and mistresses of these idiots....

I'd like for that idiot who ran GM down to bankruptcy to get neutered and be-littled.... for the remainder of his life that he is getting paid a pension from a failed business..

Same for Citibank.....  bank of america.....   the idiot who was smoking dope  while buying  merril lynch  and country wide...

No pension drag him out and smash his balls.... I would like to hear him scream as each one is obliterated...

Now that would be see tv...

 

 

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#23) On April 11, 2011 at 8:31 AM, alstry (36.32) wrote:

LORD...

You and I completely agree on this one.....

And we should ALL turn in our money and volunteer for everything.

It's the LORD's way.

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#24) On April 11, 2011 at 8:56 AM, Jbay76 (< 20) wrote:

lordz,

I  just realized that you are just on angry, p$ssed off person, hands down

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#25) On April 11, 2011 at 2:48 PM, L0RDZ (78.57) wrote:

LOL why so serious JBAY ????

 I'm actually calm, cool, and collected...

I got laid friday :)  oh yeah...............   by a model......

 I'm gonna keep all my money though.....  too many women and orphans are in need of my assistance :)

 I would calmly perform said medical corrections on previous said idiots.... 

 

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