May 19, 2011
Why do bankers give themselves exorbitant bonuses while the economy tanks? BECAUSE they can! With decreased taxes on upper level income and capital gains, and with relaxed regulations in the financial industry there is little incentive to do otherwise.
Obviously there is no sense of community at work. Upper level financial CEOs can take it all, so to speak, and are doing so. In the meantime, my family members have pinched budgets, colleagues have spouses who have been laid off longer than unemployment insurance covers, and young people are having difficulty getting adequate employment.
It's time to restore social equity and once again to to tighten the regulations.