
Calls for another âprofitable crisis for Americaâ mount
A Humor Times exclusive
Wall Street and the major banks have joined together to call for another economic crisis, since the recent one âworked so well,â according to sources.
âOur economy has had a miraculous recovery,â said Lloyd Blankchek, CEO of Goldman Sachs in a press conference today, âand our company, along with other heroes of Wall Street, say letâs not mess with success â in these times, any formula that works should be duplicated, if possible.â
Indeed, the crisis and the bailout that followed it resulted in a bonanza year for Goldman Sachs, which in 2009 set aside a record $16.7 billion to pay its workers, or about $700,000 per employee. âAnd thatâs just chump change,â said Blankchek, âwith our talent, we can do even better â with the right stimulus.â
Not all companies agreed totally with Blankchekâs strategy, however. Bank of America CEO Ken Lewis said that a âregular, recurringâ crisis with accompanying bailouts was the âmore secure strategy going forward.â
âWhat we need is a way to assuage the uncertainty of critical players in the financial marketplace, so as to allow them to do their jobs with more confidence,â said Lewis, âso I propose a regularly scheduled crisis/bailout scenario. It just makes sense for America.â
Treasury Secretary Timothy Geithner agreed that some sort of ongoing plan was needed, saying, âWall Street is America, and we need to provide for its long term survival â after all, how can we ask these heroes to get by without obscenely huge bonuses to motivate them? Besides, I wonât be in this crummy job forever, and when I go through that revolving door â just like any American â I want some job security.â
- Humor Times 34th Anniversary Issue is OUT: the Political Satire Revolution Continues! - March 6, 2025
- Book Review: ‘The Mind of a Horse’ - December 26, 2024
- Second Go-Around Bound to Be Worse than the First - December 18, 2024