(From http://bit.ly/F5py )
"Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., recipients of more than $100 billion in U.S. rescue funds, criticized congressional proposals to tax Wall Street bonuses."
As my dear friend Peggy used to say, "Poor baby. I feel so bad for you."
"Banks, worried that the proposals are distracting employees, are trying to reassure staff and keep them focused on clients. Lewis said the taxes could cause “unintended harm” and delay the recovery of the financial system."
That's as opposed to the unintended harm that killed the financial system in the first place?
" “I am very concerned about our ability to retain some of our most valuable associates,” Lewis wrote in his memo to employees obtained by Bloomberg. “The very best performers on our team will always have offers from competitors.” "
Like who? Your competitors are broke, too!
" “People are very anxious about this getting too widespread, this notion that no one on Wall Street or in banking deserves any money,” said Seamus McMahon, a consultant with Booz & Co. in New York, who works with financial firms. "
Uh....Seamus? Here on Earth, $250,000 is a lot more than "any money". It's a big, fat pile of money.
" In a separate e-mail to his own employees, Jes Staley, head of JPMorgan’s asset-management unit, said that the bank is “working hard on all of the challenges we are currently facing.” "
Just as hard as you worked to cause the challenges?
Look, you broke the world. You BROKE IT. And you expect us to trust you to fix it? Screw you.