Friday, March 20, 2009
Snow In March
There is a Chinese saying, if there are flurries in June (六 月飛 霜), there must be some great injustice. So what's with this March flurries happening in NYC? It must be because of the Wall Street bonus as usual. So what's with the 90% tax on the bonus? It's still good, you are getting $1,000,000 for free to begin with, and now you still get $100,000 for a job well done, i.e. running the company to the ground and ruining capitalism. This is Congress knee jerk remedy to allay the public outrage to the absolutely incorrigible self-serving and totally loathsome Wall Street behavior. I will take the 10% in a heart beat. Alas, I didn't ruin any company nor the global financial system, no bonus for me.
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Perfect storm. Sit tight.
ReplyDeleteThe good news is the stock market seems to be bouncing back.
ReplyDelete