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(ABC)   Morgan Stanley CEO says banking industry is "overpaid". In related news, water is "overmoist" sun is "overwarm"   (abcnews.go.com) divider line 19
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631 clicks; posted to Business » on 06 Oct 2012 at 5:46 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-06 05:58:51 PM  
Like other CEOs, I'm sure he only means the cogs are over compensated, not the executives, who are worth every penny regardless of how much they drive a company into the ground.
 
2012-10-06 06:28:50 PM  
Anthony Polini, analyst with investment firm Raymond James, said he agreed with Gorman that there are too many banks in the U.S., but he disagreed that the banking industry as a whole is underpaid.

"The banking industry is overregulated, not overcompensated," Polini said.


Yes, because the sub-prime mortgage fraud that caused the global recession was a result of too much regulation. In fact, so much regulation, they had to regulate themselves.

Reminds me of Jimbo

So now, we only kill animals to, quote, thin out their numbers. If we don't hunt, then these animals will grow too big in number and they won't have enough food. So you see, we have to kill animals, or else they'll DIE

images.tvrage.com 

/hot
 
2012-10-06 06:39:48 PM  
Bank tellers actually make pretty garbage salaries. He means the people that matter amirite?
 
2012-10-06 07:27:36 PM  

links136: Anthony Polini, analyst with investment firm Raymond James, said he agreed with Gorman that there are too many banks in the U.S., but he disagreed that the banking industry as a whole is underpaid.

"The banking industry is overregulated, not overcompensated," Polini said.

Yes, because the sub-prime mortgage fraud that caused the global recession was a result of too much regulation. In fact, so much regulation, they had to regulate themselves.


I work with people who forget this point. They have somehow decided the entire recession is Obama's fault.

I really don't understand wingnuts.
 
2012-10-06 07:37:08 PM  
that boy has balls the size of church bells.
 
2012-10-06 07:39:49 PM  
From 1978 to 2011, CEO compensation increased more than 725 percent, a rise substantially greater than stock market growth and the painfully slow 5.7 percent growth in worker compensation over the same period. 
 
2012-10-06 08:07:30 PM  

bbfreak: From 1978 to 2011, CEO compensation increased more than 725 percent, a rise substantially greater than stock market growth and the painfully slow 5.7 percent growth in worker compensation over the same period.


But it's just a percentage of the value they added to the company shown in increased profits and shouldn't the guy at the top get the biggest gain because it's his vision and lower-level workers are replaceable cogs while execs are unique and special snowflakes who are there because they are absolutely the best in the world and the investors approved of the pay increases because of their increased returns and directors have to vote on these things and and and and and...

Did I catch them all? My pokédex broke.

/MARKET FORCEZZZ!!!
 
2012-10-06 09:42:46 PM  
Subby's mom is "oversized".
 
2012-10-06 10:55:10 PM  

Kuroshin: links136: Anthony Polini, analyst with investment firm Raymond James, said he agreed with Gorman that there are too many banks in the U.S., but he disagreed that the banking industry as a whole is underpaid.

"The banking industry is overregulated, not overcompensated," Polini said.

Yes, because the sub-prime mortgage fraud that caused the global recession was a result of too much regulation. In fact, so much regulation, they had to regulate themselves.

I work with people who forget this point. They have somehow decided the entire recession is Obama's fault.

I really don't understand wingnuts.


You do realize it's no 1 thing that caused the recession, right?
 
2012-10-06 11:03:38 PM  

LL316: Kuroshin: links136: Anthony Polini, analyst with investment firm Raymond James, said he agreed with Gorman that there are too many banks in the U.S., but he disagreed that the banking industry as a whole is underpaid.

"The banking industry is overregulated, not overcompensated," Polini said.

Yes, because the sub-prime mortgage fraud that caused the global recession was a result of too much regulation. In fact, so much regulation, they had to regulate themselves.

I work with people who forget this point. They have somehow decided the entire recession is Obama's fault.

I really don't understand wingnuts.

You do realize it's no 1 thing that caused the recession, right?


Name all the things then.
 
2012-10-06 11:28:06 PM  

jkl65s4: Like other CEOs, I'm sure he only means the cogs are over compensated, not the executives, who are worth every penny regardless of how much they drive a company into the ground.


done in one
 
2012-10-06 11:43:29 PM  
He should try working in healthcare.

/incredibly overpaid
//and much more regulated
///not that its a bad thing
 
2012-10-07 03:56:28 AM  
 
2012-10-07 09:25:39 PM  
FTA: "The banking industry is overregulated, not overcompensated," Polini said

, somehow, with a straight face.
 
2012-10-08 04:02:28 AM  
I haven't got a bonus in three years. I'm just hanging on for the fixed salary for as long as I can before they axe us. Probably in six months. Everyone is working on "Plan B" outside the industry.
 
2012-10-08 07:56:04 AM  

links136: LL316: Kuroshin: links136: Anthony Polini, analyst with investment firm Raymond James, said he agreed with Gorman that there are too many banks in the U.S., but he disagreed that the banking industry as a whole is underpaid.

"The banking industry is overregulated, not overcompensated," Polini said.

Yes, because the sub-prime mortgage fraud that caused the global recession was a result of too much regulation. In fact, so much regulation, they had to regulate themselves.

I work with people who forget this point. They have somehow decided the entire recession is Obama's fault.

I really don't understand wingnuts.

You do realize it's no 1 thing that caused the recession, right?

Name all the things then.


Somehow I think that "requiring banks serve the communities that they are in regardless of minority the mean old gubmint making all those nice banks give loans to those minorities"
will make the list.

Did I get the talking points right?
 
2012-10-08 09:57:47 AM  
that is why smart people put their money into Federal Credit Unions. Credit Unions are owned by the folks who put their money into them. they're also backed by the Federal Government just like banks.

Banks are owned by shareholders who need to take some of your money for their dividends. they're taking your money for the so called "services" they claim to provide you.

and credit unions have better rates too.

do the right thing and put the leeches out of business.

Banks are the Cancer of the American (and others) Free Enterprise system.
 
2012-10-08 09:58:35 AM  

Ebbelwoi: I haven't got a bonus in three years. I'm just hanging on for the fixed salary for as long as I can before they axe us. Probably in six months. Everyone is working on "Plan B" outside the industry.




F*k all Banks.
 
2012-10-08 10:02:30 AM  
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. - Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson
 
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