Sometimes my husband makes so much sense! During a conversation about the obscene bonuses the bankers are getting he made this observation-
“Why the hell are they giving million dollar bonuses to the assholes that lost our retirement savings? Why aren’t the banks and investment firms putting that money back into the IRA’s and the 401k’s that were devastated by their stupid risk taking?”
For that I have no answer. We don’t want a lot for retirement- just a modest RV so we can visit the National Parks and our children and grandchildren. Not asking too much I don’t think. The money was going in to the 401k on a weekly basis- and we sacrifice to put that in there. It’s not much, but it is ours. We did not have it in a high risk profile- getting to close to our 60’s to risk – and yet- we lost HALF!
And yet here are the same bankers that caused so many to lose so much- being rewarded. They are just “too valuable” for their firms to lose. Not one single investor that I know of has gotten one dime back. They use our investments to fund these million dollar bonuses and give not one penny back to the customers!
Hubby has moved our joint account to the local credit union and ASAP we will be trying to take every penny (of the few pennies on the dollar we have left) out of that 401k and transferring it to the safekeeping of the credit union. Why should these bankers be rewarded for risking OUR money???? Not only do they get bailed out with our tax dollars- they take OUR retirement money and give it to these assholes!
What retirement? In one year the investment firms wiped out the retirement dreams of untold numbers of working class folks like us. No more! They live like kings off the hard work of the peasants. Sorry- this peasant has had enough!