Berkeley CSUA MOTD:Entry 52498
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2025/05/24 [General] UID:1000 Activity:popular
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2009/2/2-8 [Finance/Investment] UID:52498 Activity:nil
2/2     How do smart people put up with idiocy and continue to respond with
        rational arguments? This is a general question, but responding to
        people who think $20B is a good idea is a good example. Tom, how do you
        respond and not spontaneously combust when responding?
        \_ It's not $20B is a good idea or a bad idea. It's "Is this
           reasonable?". I do not think it is reasonable if it is spread
           among 12 CEOs. However, that's not how it is allocated. This is
           part of the pay package for most employees on Wall Street. Maybe we
           should cut all Wall Street salaries to zero and eliminate their
           health insurance. Is that more your speed?
           \_ I wasn't asking you. I'd go crazy talking to you. I already am.
           \_ nice straw man.  -tom
           \_ How about we cut all Wall Street salaries to 10X the median
              income and give everyone in America health insurance. -!op
              \_ Sounds good, comrade. Do you know how many people could
                 live in one of their expensive Hamptons mansions?
                 \_ No, but I have a funny feeling that in the next decade or
                    so we just might find out.
              \_ How about we let companies fail intead of bailing them out and
                 not care about exec pay/bonuses if we aren't their employees
                 or stockholders?
                 \_ Banks failing will have far-reaching consequences on
                    the global economy and may cost more money than bailing
                    them out will.