Monday, January 11, 2010

Who really deserves the Bankster Bonuses?

Wall Street Banksters - short for Banking Gangsters - are about to receive another round of failure bonuses, even though they are still holding back from loaning money to credit worthy businesses and consumers and making money instead on exactly the same type of derivatives gambling that just required a 3 Trillion dollar taxpayer bailout a year ago.

Meanwhile, there are people out there doing jobs that ought to be getting the kinds of bonuses that the banksters aren't earning.

Here's one: The pilot of United Airlines flight 634 who safely and smoothly landed an Airbus 319 jet with a set of wheels missing. No skidding, sliding or tumbling. Whoever he is he deserves a Bankster bonus.

Airline pilot used to be a very good paying job. Not anymore. Sure the top pilots make pretty good pay, but its about a third of what they made 25 years ago (CPI adjusted). Even the hero of the Hudson - Captain Chessly Sullenberger - had his pay cut 40% a few years before he proved he is worth more than any Wall Street bankster.

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