I got to admit, listening to the "bigwigs" of the financial industry is quite comical. They'd actually be funny sideshow freaks if it weren't for that fact that they have helped to destroy our national economy. Their ridiculous amount of greed has given the few at the top millions upon millions while the majority of us suffer. Now that the crisis is deepening with no end in sight, the Wall Street Journal and the Partnership for New York City decided to get the politicians and the principals of the big financial companies to come up with ideas. Needless to say, nothing much got done.
From The NY Times:
A terrible thing here is that Dimon and others like him get to say anything at all, save for "Guilty as charged" or a cowardly "Not Guilty" when the judge asks them how they plead for their crimes against our country and its economy. These men are criminals, they have no right to decide on where to go from here. This is caused by their malfeasance and lack of regulation that the politicians in Albany (but mostly Washington) legislated for their financial contributors. Now the foxes are crying "not me" while looking fully fattened by their greed of the last ten years or more.There were differences of opinions, but all seemed to agree that now was not the time to raise taxes or impose new regulations on their businesses.
The chief executives who spoke at the meeting, which was organized by the Partnership for New York City and The Wall Street Journal, were also reluctant about predicting that New York would remain the world’s financial hub after this crisis runs its course.
James L. Dimon, the chief executive of JPMorgan Chase, said high taxes discourage companies from hiring here. “New York tries to tax everything we do around the world,” he said. “If you have a choice where you put a job, it will not be here. That’s a terrible thing to say.”
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