Pitchforks And Torches Boys and Girls! By: Mark W Adams

Matthew Yglesias makes an excellent argument why we should tax the bastards on Wall Street right down to their Armani socks.

This story highlighted by John Cole makes the case even better.

One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.

Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.

These people don't create anything, including jobs, not real jobs that make real things anyway, only employing accountants, lawyers, a clerical staff and the girls at Scores.  They are more of a burden on society than any mythical army of welfare queens and they ought to pay for their next bailout in advance, thank you.