New Stock Market Alert – Price Level Alert

OK, let’s see if the CZAR system really works.  Remember there is a CZAR appointed by our Government for everything.  The latest and maybe my personal favorite is the Salary CZAR, who dictates the executive level pay for anyone receiving money from the Government.  Mr. Salary CZAR, let’s see what you are made of.

It is reported that Citigroup plans to raise workers’ base salaries by as much as 50% this year to offset those poor small pitiful bonuses.   I do feel so sorry for those employees.  Those mean old politicians would not let them take billions of dollars in tax payer money and give bonuses at the time.  So, what is a company to do?  Give the bonuses through increased salary. 

Goldman Sachs is on pace to pay out record level bonuses.  Let me say it another way.  Goldman Sachs, former TARP recipient, who needed the money, is going to pay THE MOST money in bonuses to employees than it ever has before.  Even in the middle of a financial crisis, these people are living large.  Don’t forget that Goldman is always protected, since it seems like the prerequisite for being appointed to a cabinet position is being a former executive of Goldman.   

Nevermind that the Government has conveniently arranged it so that these banks can create profits by hiding losses in their accounting systems.  No, those problems didn’t just go away.  They are hidden for later.  If you have a problem, don’t take the loss and just hide it.  I wish that I could take my checkbook and add 7 zeros to the last number. 

It wasn’t even 3 months ago that Citigroup was on the verge of going under.  Now, they are increasing executive pay.  Oh, and through “creative accounting” they are now profitable.

Yes, these companies represent the greed and the aggressive sales and marketing that helped create our unemployment problem, our foreclosure problem, the global recession, the increase in taxes that is coming to pay for all of this, the mortgage future of the next 3 generations, etc… 

So, Mr. Salary CZAR, what gives?  If (when) Goldman Sachs needs help from the government again, will you make them give those bonuses back?  I am still having a little trouble with the Citigroup deal.  It was my understanding that our money is still funding their operations.  I want a little socialism and I want it now.  You can’t practice capitalism when it is convenient and it helps the Wall Street boys who put the politicians in office. 

There is no doubt about it!  Something stinks!!  The politicians are getting away with murder while the American people watch.  I don’t know why I am getting so bent out of shape.  I need to do my part.  I don’t mind helping to fund the lifestyles of these executives.  After all, President Obama said that we all need to sacrifice.

Tags: Bob Brooks, bonusus, citigroup, CZAR, Deceptive Money, financial crisis, Goldman Sachs, Government, increased salary, politicians, President Obama, profit, Prudent Money, Salary CZAR, TARP, Taxpayer Money, Unemployment