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Tuesday, June 23, 2009

It's good to be a banksta

I suspect a lot of people would have preferred the financial apocalypse their trillions were supposedly used to avert to this sickening advertisement for socialism:

Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms.

If Obama had any populist instincts at all, he'd announce a 100 percent tax on banking bonuses as long as the government is keeping the banks afloat. These "record profits" are a joke. It's not exactly hard to make a sizeable profit when the government is shoveling money at you and taking responsibility for your losses.

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