>>>>>Their motto may as well have been Greed Is Good.
>>>
>>>Greed isn't good?
>>
>>For most of us, no. I have no problem with the highly talented making lots of money. Some here (rhymes with Marcia) have come right out and said I resent anyone who is successful. That is not true. What I do resent, in spades, is organizations and people who systemically reap benefits far beyond their contribution. When I see stories about compensation at TARP institutions still averaging $450K a year, while getting notices in the mail saying my credit card interest rate is being jacked up 6%, my blood boils.
>
>I see no problem when private investment banks (those who have direct majority shareholders not those publicly traded!)
>share bonuses. If bank have 5 shareholders in total, and those shareholders meet and decide to award sucessfull fund managers that is fine, because it is owners that decided doing so.

Even then it is wrong because it assumes that the rich have what they have entirely without relation or connection or consequence to those who have not. This can be so only in artificially defined closed systems where one is free to draw the borders as needed to support their case