Reason #17,357 Why We Should Guillotine All of the Banksters

Bank of America Corp (BAC.N) will pay $11 million to ousted executives Joe Price and Sallie Krawcheck, a large payout at a time when banks face protests over pay but smaller than the eight-figure packages some executives received before the financial crisis.

Krawcheck -- a former Citigroup Inc (C.N) executive who came to Bank of America in 2009 and was one of the top-ranking women on Wall Street -- will receive a one-time payment of $5.15 million, according to separation agreements filed by the bank on Friday.

Price, a Bank of America veteran, gets $4.15 million. Each will also receive $850,000 over a one-year period.

And that is why we hate your guts, as was so eloquently explained here. One clown comes to work for BofA, stays there for two years and walks away with severance pay of over five million clams? Shit fire, even at a generous company, the severance for two years of service might have been four weeks of pay.

This is what the plutocrats have yet to understand: People are becoming fed up. People are realizing that the game is rigged. The Federal government stepped in to bail out the banks, who have, in turn, done nothing other than turn the screws down tighter on Americans. The banks have done little to remedy their fuckery during the mortgage mess, other than trying to back-date and forge documents.

The banks got bailed out. They repaid the bail-out money with other money that they borrowed from the Federal government-- money to help homeowners and businesses. The banks have done nothing to help anyone, only themselves.

Wall Street is, itself, rigged by large institutions, including the banks, trading by computer. They have orchestrated massive swings of the market by sending in huge trade orders and then canceling them. The banks and the big brokerages make a shitload of money, but any schlub trying to trade for himself is hopelessly behind the times. Not that any of this is really new, that's pretty much was Enron did to screw all of the utility customers out west ten years ago.

It is starting to sink in, slowly, that the plutocracy has enriched itself at the expense of the poor and the middle class. It is starting to sink in that is why the middle class has pretty much been going in slow reverse for the last forty years.

Slowly, people are starting to call "bullshit" on the rich. When someone like Mitt Romney sets up a group that takes over companies, runs them into the ground, strips the assets, fires the workers and then sets up factories in China, they are not "job-creators". They are pirates.

Their role in the American economy is not defensible. That's why they have stooges like Eric Cantor, who loved the Tea Party demonstrations, calling the Occupy Wall Street demonstrations as "mobs". They have to throw words around like "communist" and "socialist", because they cannot honestly and morally defend what they have done to this country.

But Michael Bloomberg has finally wised up and he has come to realize that trying to put down the Occupy Wall Street demonstration won't work. (By the way, don't be fooled by what Bloomberg says about tolerating protests, for he was the mayor when the NYPD was conducting mass arrests of innocent pedestrians during the 2004 GOP convention.)

Here is your choice, pirates/plutocrats: You can use the protests as a reason to enter into a discussion, now, and talk about giving back some of what you have looted. You can admit that it really isn't fair that hedge fund bosses get taxed at 15%. You can come to the realization that maybe Muffy and Biff and Paris and the other trust fund babies also should pay more in taxes.

You can stop treating your fellow citizens as if they were cattle to be slaughtered for your table. You can stop shuttering American factories and stop throwing hundreds of thousands of good people out of work, only so you can increase your profit from 12% to 18%. You can stop giving the CEOs who fire thousands of people huge bonuses. Crimus, how much more money do you need?

Or you can do what you have been doing: Get your butt-monkeys on Capitol Hill and on Fox News and on Meet the Press to continue to vilify the poor and the middle class and the rest of the 99% in this country. You can try to do that and the anger will continue to build. It will get to the point that the pirates/plutocrats who enrichen themselves by slashing the jobs and pay of thousands of Americans and who have hollowed out American industry in the race for even more wealth will come to be seen as being merely selfishly greedy and treacherously unpatriotic.

And then we shall see.