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 Post subject: Re: It's good to be a Banskter -- CitiGroup raises salaries 50%
New postPosted: Wed Jun 24, 2009 9:51 am 
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Heavy Crude
Heavy Crude

Joined: Mon Apr 20, 2009 9:36 pm
Posts: 382
Quote:
Supposedly, these big raises are "necessary to retain talent.
If this is what's called "talent" I'm afraid to see incompetence. 8O

_________________
"They're not too big to fail, they're too big to bail out!" Peter Schiff


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 Post subject: Re: It's good to be a Banskter -- CitiGroup raises salaries 50%
New postPosted: Wed Jun 24, 2009 12:01 pm 
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Light Sweet Crude
Light Sweet Crude
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Joined: Tue Jul 08, 2008 12:00 am
Posts: 1699
Quote:
Where else is incompetency rewarded so blatantly?


I'll tell you where, government jobs! So perhaps we shouldn't be surprised that banskters are the new bureaucrats, now that they're on the taxpayer teet.


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 Post subject: Re: It's good to be a Banskter -- CitiGroup raises salaries 50%
New postPosted: Wed Jun 24, 2009 12:16 pm 
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Intermediate Crude
Intermediate Crude
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Joined: Mon Aug 08, 2005 12:00 am
Posts: 959
Location: CT, USA
green_achers wrote:
Yeah, good ol gubmint is always there to be a whipping boy for the bubba crowd. If you really look at it though, you'll see that abuses on the scale we're talking are pretty much limited to the political appointee set, and that's pretty much the same class that gives us our bankers...

I'd bet you're aware of the following rule:
If you can, do.
If you can't, teach.
If you can't teach, work for the State.

This tends to load up the government with an incompetent workforce.
And it's not an appointee thing; I work closely with a department that I haven't seen a thing come out of since January when mandatory furloughs were ordered. That department has come to a freaking standstill through incompetence and sloth.

Unfortunately it appears CitiBank had a bunch of people that thought they could, but didn't. Obviously those folks need greater salaries and super huge bonuses.


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