March 19, 2009
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Bonus Time
The world isn't fair.
The oppressed don't always find their cause engaged, the thief isn't always caught. Over the past several decades, the finance industry has been in a boom with eras of truly impressive incomes. Few begrudged their incomes when the world economy was chugging along merrily, doling out wage improvements to many. It is not hard to understand, however, why many might find the current bonus situation so appalling. With substantial losses all around, why do financiers find themselves relatively protected?
Few find that just.
The outrage (on the internet, in the press, and on the television) is striking and deafening. Finance will never be quite the same -- at least while this generation is still investing. The bad taste of being taken for a collective "ride" is on the tongues of the masses.
Comments (1)
Has this whole deal changed your perspective on how you invest your money? I lost just about half of 'my' money that was in a ROTH IRA- but it got me thinking about how a lot of us (myself included) didn't really THINK about what it meant to be proper stewards of what we were given. We perhaps assumed that 'as long as it's making more money, it can't be bad stewardship, right?' Wrong. :-p I think the (obvious) exposure of the 'market forces' as NOT being sovereign (they were obviously steered by covetous desire both on the finance people and those who were so wide-eyed about owning homes they couldn't afford- oh, is that sinful human nature? What's that?
should remind the church of their calling to store up their riches somewhere else....because it wasn't 'my' money to begin with.
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