Originally Posted by Dashaansafin
Jesus F. Christ are you serious? Do you get all your news from the NYT??? Do you even know what INVESTMENT BANKERS DO?????? The general public is so stupid its nauseating.
Expletives aren't arguments. I find it bizarre how some in this industry can create this veneer of complexity and loftiness when in actual fact none exists, hence the general public is 'stupid' because they seemingly don't understand (in your estimation) the nuances of banking. Well, this is false - when I say criticism has been levied at bankers and the banking industry across the board I don't say so arbitrarily: probably the four top and mainly read economics blogs have periodic critiques of the banking sector and certain contributory factors in the recent economic debacle (Baseline Scenario; Naked Capitalism; Calculated Risk; von Mises - these are free-market blogs written by esteemed economists and practitioners in banking; it is for those who want informed opinion and those who want to keep abreast in the wider market / economy). Need one mention the plethora of literature that has been written in the wake of the financial fall? So many narratives contributed to the debacle that clearly I'm not levying all the blame at banking, but for someone to take the line that banking, as a sector, had no affect whatsoever strikes me as absurd. I'm at a loss as to why you think banking should be insulated from criticism, or why you take great offence when someone shows their displeasure with the industry - suffice to say, my opinions aren't based on hearsay and half-truths. I equally find the arrogance and condescension of bankers nauseating, especially when the 'stupid general public' subsidises seemingly private enterprises.
Originally Posted by thenanyu
It is genuine. Please tell me what the time interval is. When you say elementary, I think you mean meaningless. My pay varies 20-30% year to year at the same job. Do you know who else has a highly variable pay depending on performance? Salespeople, and of course bankers. When Piob doesn't want to talk about it anymore, you beat your chest and shout taunts, yet others are children and you are the lone adult.
Yes they receive commissions or bonuses as an appendage to their salary - so that's a moot point. And there is no arbitrary 'time interval' for what constitutes a salary or a wage - I think that definition adequately determines the differentiation. I haven't thrown any taunts? The whole pointless argument is twofold: 1) Because I don't fall to my knees at the much fabled bankers I'm criticised. For some reason banking / bankers should be insulated from critiques (and all from making the comment that I'm unimpressed with industry - well cry me a river because views of a similar vain aren't esoteric in wider industry or informed opinion) 2) Because I make the valid differentiation between salaries and wages. People for some reason took offence to that - I can't explain why other than they want an argument - now that is childish. But enough is enough - this is really a pointless and trivial discussion - I'm the first to admit that.