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Friday, October 15, 2010

No money for foreclosure staff? Hmm, I wonder why . .

"I Gave (and Gave) at the Office"

It's awfully hard to buy the line that banks may not have -- ahem -- strictly complied with the letter of the law in foreclosing upon hundreds of thousands of homes because they were understaffed.

Let's see
. . .

Take the staggering compensation earned by guys like Ken Lewis (ex-CEO of Bank of America) and Jamie Dimon (current CEO of JP Morgan Chase) -- call it, conservatively, $200 million apiece since 2000; divide by what a real worker -- not a "Burger King" flunkie -- makes (call it $40,000 a year); and what do you get?

Money for 5,000 foreclosure positions at each bank.

Think that would have avoided a few problems??

P.S.: what would the government do to an airline that paid its executives millions while neglecting basic plane maintenance and safety?

If there then was a crash -- and we're still dealing with the consequences of a horrific (financial) crash -- you can bet that there'd be hell to pay (not billions in bailout money, with virtually no questions asked).

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