#1 Banker fury over tax “a McCarthy witch-hunt”will send us back to the stone age .
03-20-2009, 10:57 PM
- Join Date
- Aug 2005
Bankers on Wall Street and in Europe have struck back against moves by US lawmakers to slap punitive taxes on bonuses paid to high earners at bailed-out institutions.
Senior executives on both sides of the Atlantic on Friday warned of an exodus of talent from some of the biggest names in US finance, saying the “anti-American” measures smacked of “a McCarthy witch-hunt” that would send the country “back to the stone age”.where fears that the backlash triggered by AIG’s payment of $165m in bonuses to executives responsible for losses that forced a $170bn taxpayer-funded rescue would have devastating consequences for the largest banks.
“Finance is one of America’s great industries, and they’re destroying it,” said one banker at a firm that has accepted public money. “This happened out of haste and anger over AIG, but we’re not like AIG.”
The banker added: “It’s like a McCarthy witch-hunt...This is the most profoundly anti- American thing I’ve ever seen.”
03-20-2009, 11:38 PM
- Join Date
- May 2008
Cry me a river; when you do a f. up job you do no deserve a bonus. Rather you deserve a reduction in your 6 to 7 figure income. However, this is a smoke screen to cloud over the 78 Billion lost by the gov. when they bought bank stocks.
Banks in Europe have gotten billion in bail out money. It is bad enough when our our tax dollars go to AIG, GS, etc. but when billions go to German, French, etc banks that's where Americans draw the line. Let these ungrateful EU pricks go under.
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