Banks Gone Wild

[diametricalbenz]

Anyone else notice that banks are defending rewarding themselves for a job well done by going on a company paid vacations? Wells Fargo with Vegas and Associated Bank and Puerto Rico....(don't know why because they're too early for spring break!) They released PR statements defending their position to do so and then shortly thereafter cancelling the trips?

Anyone think it's just a show to get media space (advertising and thus customers) to show that they've flashed theire brand new implants and are being responsible and modest.....by covering up with a t-shirt 2 sizes too small?

[Carleton Hughes]

Simply another group upon which the frustrated,angered masses can focus their collective anger upon,perhaps deservedly.

In a way almost all of us are complicit since we all{well,practically all}make use of financial institutions for banking,investing and in many cases credit,with which a great many seem to exist.

The people who accept things as they are keep them as they are.

[link]

Valid points - still you can’t really blame people for taking advantage of an opportunity. You can blame the banks and the policies they work on for offering something which the evidence shows is unsupportable.

That said, there is a lot of blame to go around

[diametricalbenz]

I can see that if I were working for the banks and hit or exceeded sales goals then it was earned based on the compensation structure. If I earned it I would want it!

Couldn't they have more discreetly sent people on vacation in a staggered timetable or used some sort of gift certificate to keep it quiet?

[G-Benz]

Ya know, I bust my a$$ daily to make sure our company made money...my reward? Pay cut, no promotion or bonuses or COLA or matching 401K for at least the next couple of years...well I at least get to keep my job!

So I'm not feeling any compassion for the financial sector being unable to reward their executives with performance based compensation of any kind!

[Matt SD300]

Damn...I thought this was diesel thread.........

[Jim B.]

String 'em up! That's the only language they understand!!!

[compress ignite]

In these days of 15 sec "Around the World" Urban Legend Half-Lives...

Hell, NoBody will tell us who the first round of recipients were OR how much they each got of "Our Largess".
("Put all your money in the bag and leave it on the Metro" [with a blindfold on]
"or Mr. Paulsen is going to hold his breath")

Vigilantism is an ugly word. I Like "Citizen Activism".

Every one of us ,each and every American Citizen Knows one of them "Bankers"
(AND where they live and work)
[ANY BANKER will do]

I will absolutely die laughing if I wake up in the A.M. and see Citizens on CNN
chasing Bankers down the streets with Pitchforks.

BUT that is what it will take! Ain't NO Elected official gonna do Squat!!!!!!!!
(I'm being unkind...The genetic makeup of Bankers and Politicians is identical)

For the record...I hear WF was forced to take the TARP money.

[Carleton Hughes]

Originally Posted by Jim B.

String 'em up! That's the only language they understand!!!

The audacity of rope.