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Originally Posted by The Dad Fisherman
I think that article is more about hurt feelings than destroying wall st.....
If I'm not mistaken the reason these people are being let go is because their companies...., after they cut out the soy milk budget, free office supplies, and Bonuses down to a meager $112,000 a year,..... do not have the money to retain them. NOT because we are Blaming them for the Crisis. Now if the Big shots in the Big office would like to maybe roll back some of their multi million dollar stock options and bonuses into the company to retain these people and grow their business then maybe some of them can stay.
Now isn't it up to the companies to retain the best and lose the rest.....and if the rest wants to continue working on Wall st. they need to re-assert themselves and rise to the top, through Training and self sacrifice.
I feel bad for anybody that gets laid off...but why is Wall St any different from Home Depot or any of the other companies that had to lay off thousands.
I'm pretty sure that is Capitalism at work....The Cream rises to the Top.
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agreed, but now the cream will leave because the government will limit how high they can rise to and how much they'll be paid.
I posted the article to demonstrate the stigma assoicated with an industry that very few did anything wrong and are being incorrectly blamed by the need for a convenient scapegoat.