because they’ve done such a good job

by twit

and they are “worried that the proposals distracting employees

Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., recipients of more than $100 billion in U.S. rescue funds, criticized congressional proposals to tax Wall Street bonuses.

Bank of America Chief Executive Officer Kenneth Lewis called the tax “unfair” in a memo to employees today, while Citigroup’s Vikram Pandit said his bank is “working in every appropriate way with policymakers.” JPMorgan’s Jamie Dimon held a conference call with about 200 executives, saying the firm is concerned about retention and is working with lawmakers.

what are they going to do, move to a private island somewhere and live in a rich-people-only colony?

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a last hurrah for the cowboy mafia

by twit

as if we didn’t see it coming

Who wanted to hear from dismal economists warning that the whole thing was, in effect, a giant Ponzi scheme?

so do we really have to give away $100 billion to the folks sitting at the top of the pyramid?

The federal government theoretically will be repaid what it’s loaned except for $100 billion in losses incurred from buying some assets above market value.

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Ninja bandits

by twit

According to Local6.com on June 18, 2008, there are ninja bandits on the loose in Florida:

Several men dressed in ninja costumes forced people into a cooler at gunpoint during the fourth robbery of a Central Florida drug store in a week.

now wherever did they get such an idea? The New York Times has a suggestion on June 16, 2008:

Between early 2004 and mid-2007, a period of unprecedented wealth on Wall Street, seven of the nation’s largest financial companies earned a combined $254 billion in profits.

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