BM1087

Preview from Europe: The Bears Are Back

Don't let the door hit them in the A*S! BTW: They can join Europe's best and brightest like Kerviel & Leeson.


On Mar 20 10:43 AM I weep for this country. wrote:

> Read the actual bill it is available on the House's website. Despite
> how it has been reported it: taxes any individual whose salary and
> bonus combined is more than 125k. Households combined whose salary
> and bonus amount to more than 250K are also subject to the taking.
> So if you work at one of these banks, earn 100K a year and got a
> 26 K bonus and are the sole breadwinner of your house, the gov't
> will take your entire bonus. Does that seem fair to the over 116K
> employs of AIG who had nothing to do with the London based FP unit
> who work hard to provide for the familes and were counting on the
> bonus to pay loans and mortgages? Who are working hard to ensure
> that the company remains profitable to pay back the taxpayer! Wasn't
> that the whole point of the bailout? Or was it to pay the counterparties?
> Hmmmm... Oh, by the way, this tax doesn't actually tax the London
> based employees that everyone wants to flog. And it doesn't tax Merril
> Lynch because unlike AIG they are still allowed to lobby Congress.
> Can't wait for our best and brightest to go to Zurich, Banco Sociale
> and other foreign entities and the US Economy collapes. Way to go!