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The AP reports (via The Washington Post) that “European countries have stressed the role that excessive payouts to banking executives played in the current crisis by fueling risk-taking, and called for bonuses to be severely curbed”, which doesn’t seem to make sense with a $645+ trillion derivatives bubble. I’m not saying that these robbers aren’t further robbing with their egregious bonuses, but the way thes talking points are worded lead to incorrect conclusions. The fallacy here being: curb bonuses and the risk of economic collapse significantly lessens. This is not only untrue, but an irresponsible statement with which to fill people’s heads. The crisis is that hundreds of trillions of dollars owed by this corporate elite to each other cannot be paid back and want the global population to pay that debt, not that execs are collecting eight or nine-figure bonuses.....
Deceitful Messages Coming Out Of Friday’s G-20 Meeting
The AP reports (via The Washington Post) that “European countries have stressed the role that excessive payouts to banking executives played in the current crisis by fueling risk-taking, and called for bonuses to be severely curbed”, which doesn’t seem to make sense with a $645+ trillion derivatives bubble. I’m not saying that these robbers aren’t further robbing with their egregious bonuses, but the way thes talking points are worded lead to incorrect conclusions. The fallacy here being: curb bonuses and the risk of economic collapse significantly lessens. This is not only untrue, but an irresponsible statement with which to fill people’s heads. The crisis is that hundreds of trillions of dollars owed by this corporate elite to each other cannot be paid back and want the global population to pay that debt, not that execs are collecting eight or nine-figure bonuses.....
