shafted.....

[morepork]

...by the leprous cock of the financial sector once again. Systematic fraud, burning the public, then walking away with bonuses and stock options. Fuck them all. But the CEO says he is soowwwy.

http://money.cnn.com/2016/09/20/news/co ... o-apology/

[Digby]

I'm barely surprised.

[morepork]

I'm barely surprised.

I know, right?

[Coco]

Hopefully a clawback leaves this asshat penniless and doing community service for a few decades.

[morepork]

Hopefully a clawback leaves this asshat penniless and doing community service for a few decades.

Even though he would happily put my mortgage on that happening, I fucking wouldn't.

We should set up fake accounts using privileged access to personal data to gouge money off people that have no idea it's being done. That's worth a 125 million bonus, apparently.

[jared_7]

Hopefully a clawback leaves this asshat penniless and doing community service for a few decades.

Haha yeah right. This guy will cop some stern words from Democrats like Warren for being a naughty, naughty boy in public, but behind the scenes they won't actually do anything about it of course, because why bite the hand that feeds you?

Einstein said insanity is doing the same thing over and over again and expecting different results. The politicians haranguing and huffing and puffing are the exact politicians who a) created the environment these guys thrive in and b) did nothing about it last time.

[morepork]

I forgot the biggest plus.

We could also use the fraudulent debt as a basis for asset-backed securities, which when they fall on their arse, the tax payer will cover.

We literally can't lose.

[Digby]

You're never going to get the taxpayer to cover the debt unless you run up so much debt it's the industry's problem should you fail. Simply being mildly irresponsible isn't going to get the job done, you'll need to not have anything even approaching a conscience in order to have a truly screwed up sense of entitlement remain a strong enough driving force.

[jared_7]

I see Congress also had a grilling session on the CEO of Mylan, who Has hiked the price of Epipens to $600, a 500% hike since 2009. During the same period bonuses at the company have soared.

In the Uk the same product is $69, France $98, Netherlands $105, Australia $145.

Congress really are an absolute joke; the kings of talking tough whilst simultaneously having absolutely no desire to do anything about it. There's not been a single mention of capping the prices of these drugs or any other actual solution, just multiple slaps on the wrist before another CEO laughs all the way back to his or her private jet.

[morepork]

I see Congress also had a grilling session on the CEO of Mylan, who Has hiked the price of Epipens to $600, a 500% hike since 2009. During the same period bonuses at the company have soared.

In the Uk the same product is $69, France $98, Netherlands $105, Australia $145.

Congress really are an absolute joke; the kings of talking tough whilst simultaneously having absolutely no desire to do anything about it. There's not been a single mention of capping the prices of these drugs or any other actual solution, just multiple slaps on the wrist before another CEO laughs all the way back to his or her private jet.

Good old privitised health. Fucks you every time. They need to grow some balls and offer a public insurance option that covers these inflated costs and puts the heat of competition on private insurers.

[jared_7]

I see Congress also had a grilling session on the CEO of Mylan, who Has hiked the price of Epipens to $600, a 500% hike since 2009. During the same period bonuses at the company have soared.

In the Uk the same product is $69, France $98, Netherlands $105, Australia $145.

Congress really are an absolute joke; the kings of talking tough whilst simultaneously having absolutely no desire to do anything about it. There's not been a single mention of capping the prices of these drugs or any other actual solution, just multiple slaps on the wrist before another CEO laughs all the way back to his or her private jet.

Good old privitised health. Fucks you every time. They need to grow some balls and offer a public insurance option that covers these inflated costs and puts the heat of competition on private insurers.

Neither the Republicans or Democrats, despite what they say, have any desire to do so.

[Digby]

Good old privitised health. Fucks you every time. They need to grow some balls and offer a public insurance option that covers these inflated costs and puts the heat of competition on private insurers.

Or even just a national health service, which comes with the added benefit of being cheaper than US public health with less money being siphoned off by various private concerns. Oddly the US electorate are unlikely to vote for some stealing their right to choose a more costly inferior service (save at the elite and very expensive level) and the UK government are in a rush to make our NHS available to rich Russians and Africans and to allow private interests to gouge money from the system.

[morepork]

Good old privitised health. Fucks you every time. They need to grow some balls and offer a public insurance option that covers these inflated costs and puts the heat of competition on private insurers.

Or even just a national health service, which comes with the added benefit of being cheaper than US public health with less money being siphoned off by various private concerns. Oddly the US electorate are unlikely to vote for some stealing their right to choose a more costly inferior service (save at the elite and very expensive level) and the UK government are in a rush to make our NHS available to rich Russians and Africans and to allow private interests to gouge money from the system.

The free market does not tolerate competition.

[kk67]

The free market does not tolerate competition.

It's not funny 'cos it's true.