Thread: Barack Obama
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Old 08-29-2009
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randolph randolph is offline
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Default socialism

I like this quote by Nicolas Talib, who wrote "The Black Swan" an excellent review of how smart ass financial bankers have fucked up our system.

"Social Fairness. I spent 13 years fighting bankers bonuses (when nobody else did) and am currently crusading for clawbacks of past compensation as I have shown how regular taxpayers have been financing bonuses of millionaire bankers ("socialism for the losses, capitalism for the profits"). We are financing today those who got us here, with tax hikes on those who do the right thing, and larger tax break for those who blew us up. Companies who made mistakes and fragilized the system are being subsidized by the countercyclical ones who make it more robust."
I couldn't agree more.
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