frosty

"You have to make sure that in addition to carrots, there are sticks." - Warren Buffett, who makes $100,000 in salary a year, on the "downside" that Wall Street pay needs. "And it can’t be a one-way street where they are making ungodly amounts of money when things are good and then they move on to someplace else for a while when things are bad."

Goldman, so far this year, has set aside $16.7 BILLION for bonuses. The average annual wage in America is about $45,000 per year. Do the math - Goldman's bonuses could pay over 370,000 average annual salaries. And they don't invent new phones, discover new drugs, lift a hammer, dig a hole, put out a fire, arrest crooks (themselves especially), or teach kids how to read and write. They just siphon money from taxpayers and investors who have no knowledge of what they're doing. The whole wall street machine just begs the conscience of what's fair and reasonable. Where is Teddy Roosevelt when we need him? He took care of the oil, rail, and steel barons a century ago. Will Obama have the guts to do it to Wall Street today?