Main Street Tells Wall Street, ‘Get a Real Job’: Susan Antilla

[Crewleader]

Commentary by Susan Antilla

Nov. 16 (Bloomberg) -- Wall Street, meet Eric W. Haugaard, a civil engineer who designs water and sewer-line systems for the North Carolina Department of Transportation. Haugaard says he had tears in his eyes as he watched Barack Obama’s acceptance speech, hopeful that politics would get more constructive and the economic crisis would get fixed. Today, he is disgusted when he thinks about “what Wall Street has done to average, honest, tax-paying, no-loopholes citizens,” and says it makes him ill when he considers that Congress is letting taxpayer-assisted financial outfits get rich “without producing anything of real value to our society.”

Haugaard, one of dozens of readers who e-mailed me in response to a Nov. 3 column titled “Wall Street Cries ‘Feed Me’ or World Will End,” is despondent that, even after the economic horror of the past year, people in finance are unrepentant. “I want these swine prosecuted,” wrote Robert Carlini of Richmond, Michigan, an auto-industry executive who says he is a “staunch conservative.”

In the 14 years I’ve written columns for Bloomberg News, I’ve had plenty of feedback from investors who said they lost money at the hands of corrupt brokers, plus a steady stream of vitriol from financial executives who say I’m clueless, stupid, and deserve to lose my job.

http://www.bloomberg.com/apps/news?pid=email_en&sid=aQWBajhBATUU&ref=patrick.net

[rucky]

1. I'm tellin' ya folks, this is the one thing we have in common with the angry right.

Corporate Welfare, Corporate Welfare, Corporate Welfare

If we could put aside our 999 other issues to fight this one battle, the world would be a better place.

[unlawflcombatnt]

2. Good Article

As to whether financial regulations & salary caps "stifle financial innovation," I'd go a lot farther than just saying "who cares?"

I'd say "excellent." Financial innovation should really be called financial abomination. It's nothing more than new, improved ways to create excessive credit and redistribute wealth upwards to the banking class.

[fasttense]

3. You left off at the good part:

"I have never, though, been bombarded with anything like the fury and frustration expressed this time by people far removed from Wall Street, ranging from computer programmers to administrative assistants to the caretaker of an estate. Typically a handful of e-mails will float in; this time the number topped 60 and counting."

There is a rage out there. But it isn't strong enough to overpower the rich white man's club...yet.

[pokercat999]

4. I say give EVERY American a $2M bonus. If my math is

correct it would only cost the govt $608 Trillion (304 million people @ $2M each) and the Chinese can certainly afford that.

:sarcasm:

[JoeyT]

5. Dear Wall Street Execs:

Y'all may want to crack a history book before you keep telling everyone to eat cake.
That sort of thing tends to end badly.