Wednesday, May 2, 2012


Minimum wage would be even higher if you ignored executives in general and just tagged minimum wage to the salaries of America's Chief Executive Officers (CEOs) ...

... who received generous tax cuts and did such a bang up job creating jobs and keeping our economy bailout free.

Query of the Day: So, how many minimum wage employees does it take to create a CDO (collateralized debt obligation), a CDO squared, a synthetic CDO, and the Credit Default Swaps (CDS) used to insure the CDO markets?
Answer: None, because their salaries and bonuses do not depend on the fees created by these "creative" market instruments.

Query for the Week: How many minimum wage workers asked for the trillion dollar bailouts so they could pay off incredibly stupid market bets (which kept many money managers out of court/jail) and make good on their bonus stuffed contracts?
Answer: None, because mimimum wage workers are forced to live with the stupid mistakes they make in their lives, and can not go to Congress to help solve their problems.

- Mark

1 comment:

R. M. said...

And to think, Mitt Romney really wants to go back to the Bush era!

We already had Bush I & II. We don't need a spin off.