View Single Post
  #19   Report Post  
Posted to rec.crafts.metalworking
F. George McDuffee F. George McDuffee is offline
external usenet poster
 
Posts: 2,152
Default OT-Taxing the rich

On Tue, 29 Mar 2011 15:55:35 -0500, Ignoramus25320
wrote:
snip

But just to be clear, he was probably at least partially a victim of the
banksters and politicians who had prolonged / enabled the
hyper-inflated-mortgage-bubble-derivitives-fraud by allowing it to go on for
waayyy longer than it should have.


Actually, the bankers were his victims.


==========
Don't confuse the bankers with the banks.

The *BANKS* did indeed lose very significant amounts of
money, directly for their stock holders and creditors, who
in many cases were wiped out, and indirectly huge sums,
running to trillions of dollars for the taxpayers, not only
for the taxes, but the huge opportunity costs when their
jobs were eliminated.

By contrast, the *BANKERS* made out like bandits, with huge
amounts of bonus money and other compensation/perks skimmed
from their banks, based on the phoney baloney bubble
profits. A pitifully small percentage of this money has
been recovered, [most of it paid by the bank and not the
accountable individual] and almost no one has gone to
prison.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).