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this was a quote from AIG CEO
he said outrage over Wall Street bonuses was just as wrong as lynchings in the
deep south
fantastic sound by so this guy's name was Bob Benmosche
if I'm pronouncing it correctly and this was
after the 2009 financial crisis om
he compared public outrage over their bonuses too deep self wedgie
african-americans others tell you the quote it was just as bad
just as wrong he said because employees were used to used to a certain way of
living
know you have these bright young people who had nothing to do with the bat that
the for the company
they understand the drive is very well they understand the complexity they're
all scared
scared they make good livings the private be on their me
means they are going to stay there for nothing therefore over bonuses was
intended to stir public
anger to get everybody out there with their pitchforks their hangman's nooses
and all that serve like what we did in the D cell decades ago
what do you think no I think we are raised because bonuses had the fact that
do you
everything to the fact that these banks
for making billions of derivatives giving big bones not even talking about
to 10,000 20,000 dollar bonus that went to you the
you know trades 4 percent are talking about though
million to $5 million dollars into the CEOs in the vice president who
actively new that these derivatives on subprime mortgages would bring down the
market
they move is bubble will pop and they also knew that
when they took their $5 million dollar bonus that was on the backs a
middle-class and working-class families would just bought homes that are part of
homeownership
that as a pro and the fact that you would even have the audacity
to compare that to southern lynching
is absurd Viva now that this is this is with the distinction happens
these bankers new being black
in it Montgomery Alabama is no reason to just die
like nor even get lynched and get beat with a pitch fork or get beaten
always be together get dogs or fire hoses do you know
at you know thrown at you there's a big distinction
between that these people were just bead it wasn't their fault
they just happen to be african-american in the Jim Crow South these bankers do
exactly what they were doing
yeah I mean I think that the I know I'm justifying the old are you with that
he's making here
which I i believe is a total farce is that
you know people are complaining about all these employees in like you know
don't get me wrong a lot of people who worked in that industry
definitely got screwed out of jobs and that's not fair to them
but that's it that's not what we're talking about here
told her what are the people who were you know get their golden parachutes
and then you know the the settings systemic day
is that all these people who you aspire to one day be the CEO
who's gonna make all this money are living well beyond their means
and they get thrown under the bus just like the other one of the american
people
yeah I completely agree there's a huge problem with Wall Street the too big to
fill mentality in the fact you make that quote
authenticates and prove that they're too big to fail
well
them