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HaS AnYONe CHeCKeD OuT AnDReW SCHiFF'S BiO?
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His story is on today's menu.
And it is his story not his brothers.
There are lots of people caught in the same grinder. There always have been in Manhattan. It is worse now than ever.
The working little guys are the ones who have the right to complain the loudest. But they are an endangered species.
Reminds me of that 3 page or so lament in Bonfire of the Vanities, where the Wall St guy was bemoaning his struggle to make it on $1M per year (in the 80s). Only that was hilarious!
That is a great book and the situation now dwarfs the situation back then by comparison.
One very significant difference, however, is that street crime is way down. There are a number of interesting reasons for that, although the men in blue would like to take all the credit.
Gentrification?
Lots of people ask me if Harlem is safe. I tell them Harlem? Where is Harlem?
Just another red herring story to divert us from the real outrages going on out their in TBTF land.
Yes, the feeble attempt that it is.
Yes and I'm sure my travails sound trivial to others "less fortunate than myself" as well.
Yes, but I am sure his "labor" provides $350k/yr in value to the world... we just better not start making any comparisons between him and working people.
I don't care if this guy is earning an income of 350K a year and complaining about taxes, he should be. General Electric pays no taxes, the corporations bailed out to the tune of billions pay no taxes.
This high income earning guy is the least of our problems, even if some may think that he is over paid for what he does. What should worry us all and where we should keep our focus, are the connected multinational corporations currently making billions from rampant theft and criminality and the bilking of the tax payers, while paying no taxes, and rewriting the laws with their politician puppets so that they will never be caught or spend a day in jail.
While as a previous poster said technically he is right to complain about having a lot of his money taxed by the govt, he is a tool for having fallen in the whining about making so "little" money after tax. Its probably his wife anyway who wants more $$ for whatever. In any case he should just have talked about the politics of it rather than this rubbish... THE question is whether he is a good Marketing Director...
no one with a clue about marketing/PR would be quoted like that - nepotism.....
If this story is what I think it is, then I agree with you 100% (or make that 99%)
Rich guy goes on a 'let them eat cake' rant, some "PR" there dude, just like you said,
his "job" looks more like charity to me. (you call it neptism, I see it as family charity.)
Peter Schiff comes across as just such a nice
guy he is going to take care of his brother either way, regardless of his actual PR
talents or lack thereof.
Peter Schiff: You are your brother's keeper!
>>>>>> Assuming a woman would marry his whiney a$$.
Watching Eric's harem this morning... them talking 'bout lack of cash bonuses... the older bint started banging on about how without the attraction of the mighty potential compensation packages people will leave the industry... and that this is a 24/7 job... blah de blah blah... I don't think Lowes, Home Depot, Starbucks and Hobby Lobby will have enough open positions to take them in... poor old Eric even flashed up the olde comparison net profit vs cash bonus pool but couldn't break through the lipstick, hairspray and botox... last two years... bank nets -50% avg... cash bonus +2% last year / -12%-ish this...
The "industry" needs a LOT less douche bag hangers on, who think "they be impotent". Where are they going to go?
Send 'em to North Dakota to work on the Bakken... tell them to leave their brogues, silk ties and hair gel products at home...
banzai...you have to do a "SOUP NAZI...NO SOUP FOR YOU PARODY" of the ISDA decision of "no credit event"
NO PAYOUT FOR YOU in front of the soup nazi guy in his greasy cooks outfit and craggy cauldron of soup
I am meditating on my next move regarding ISDA.
"Trust the force Luke." - Yoda
Daddy, Irwin, is currently in a Fed Prison as a tax protester.
"Political prisioner" would be a better description.
LOL - EPIC - AWESOME!!! I CAN'T WAIT TO SEND THIS TO EUROPACIFIC CAPITAL!
http://www.europac.net/contact_us
My guess is that Peter Schiff reads ZH...
That interview was a lose/lose proposition for him.
It was a lose lose. I like your stuff WB. I am surprised you roasted him so bad. Maybe he did not think he would be portrayed in the way he was.
Trust me, he knew that he was getting himself into hot water.
There is a whole segment of the Wall Street ecosystem, lawyers, accountants, TBTF wannabes, rating agency employees, insurance executives etc, who are brainwashed into thinking the Bonfire of the Vanities life style is the be all and end all.
But is is all one big illusion. What good is it to be in the "cultural capital of the world" if all the culture is controlled by the scions of finance?
How much does it cost to go and see a show and have dinner out now?
How about sports tickets?
Most ordinary people have no hope of participating in any of that.
So what is the point of living there besides paying for a big mortgage? Manhattan is infested with pinstriped parasites you don't want to be around.
WB if you were to go to his firm and give them money to invest I can't say for sure believe they would purchase physical precious metals, stocks and bonds in other currencies etc. etc. I would not put them anywhere near the same catagory as the other 99% of wall street.
If I had to take a guess I think his brother was trying to convey that even someone making 350k has a hard time raising a family etc in the typical American way. Sure it came across wrong but you should not just lump him in there with everyone. My 2 cents.
He'll get over it.
Someday he will look at what he said and think why the fuck did I say that.
He is not the only one doing the dishes right now.
If they still have dishes.
I am sure he will get over it. Perhaps you should consider the idea of not painting everyone with the same brush (no pun intended). But it's a free country (right?)
The Fonz just jumped the shark
another useful idiot. Ignoring banks with access to the discount window and attacking whoever the lapdog media points you towards.
I gotta give his brother the benefit of the doubt on this one. Maybe the story was portrayed to him in one direction and then went in another. He is an idiot of he went along with this.
He's a marketing executive?? Nepotism is as bad as incest!!
What's your problem with Andrew? He and his brother Peter are the largest critics of the bailouts that you will find within 100 miles of New York City.
Read my comment above.
I think Andrew has no clue about the whores in the financial services media. They are all to happy to throw him to the wolves.
Andrew is very aware of the whores in the media. the Schiff family are heroes fighting against the robbery of this country's wealth.
Your work is usually appreciated but I'm sorry, today you completely picked up the media's attempt to polarize the useful idiots into class warfare.
No one forced him to do that interview. And he could have handled it very differently in my opinion.
Whining about his personal dish washing situation was a very big mistake.
But now that he has done it, I am happy to point out the real issue which you will never see in the MSM.
Why the fuck do American have to support a bloated dubiously entitled industry that efficiently upends the lives of ordinary working and middle class people.
I think the readers on ZH are smart enough to see the forest from the trees, unlike the vast majority of Bloomberg screen customers who are happy to scream class warfare is here.
And .... now you are arguing the Schiff case. So do a little research, find out WHY Irwin is actually in prison.
Find out Peter's platform when he ran for CT Senate. and find out exactly what andrew was saying.
He will be arguing his case on schiffradio.com today. Peter is having him on about 1115 am est.
I will add that there are more than a few people active on this web site who made the decision to get out of the Wall Street driven rat race and find a way to engage in their chosen profession on different terms.
My hat is off to all of them.
Need to check out the yahoo story on the rich complaining that folks that don't have money don't understand the stress.
http://finance.yahoo.com/news/bonus-withdrawal-puts-bankers-malaise-050100338.html
And they wonder why they taste like chicken
Why is this so hard to understand? Andrew is saying that he is paying near 50% income tax to fund America's appetite for big government.
When half the city is collecting an unemployment check, foodstamps, and free tuition, and the other half is paying half their income or more in taxes, of course there is going to be animosity. Instead of freeing up capital to be invested into growing companies and creating jobs, the money is being siphoned off by high taxes. Combine that with the feds artificially low rates, and nobody can save capital at 0% they are forced to throw it into stocks or move it offshore. Andrew is not P.C. but he's 100% correct and he speaks his mind. Since he's not running for PResident he can give it to you straight without worrying whether or not the brain dead Santorum-Loving public will understand what he is saying or not.
William Banzai you lost me on this post.
Let me start by just saying, I know many people in New York City who somehow manage to survive on less than $350,000 a year, private school or no private school.
I also understand how easy it is for certain people to get killed trying to pretend they can llive someone else's lifestyle. That is the law of the Manhattan/gentrified outer Borough jungle.
That stupid Bloomberg article does not venture anywhere near the question of all the working class native New Yorkers who have literally been forced out of the City by Bloombergnomics and the financial services sector.
For a PR guy, he certainly positioned himself perfectly for getting lampooned from all directions didn't he.
Not much sympathy around for people in his $350,000 predicament. The only reason he makes that much is he is employed in a sector that is grossly over compensated for what it delivers. I am sure there are people making North of $1 million crying the same blues to their dog therapists, golf coaches and private yoga instructors.
The answer is it may be wiser not to raise your family in a place that has been overun by self important/overpaid Wall Street assholes and their spawn. London has a similar but even worse problem.
And yes, as much as I love NYC, I made that decision myself a long time ago.
...to which he should have kept his mouth shut. The fact that he didn't makes him grossly overpaid/not fit for his profession right off the bat WB7.
I'm sure all the PR professionals who are paid much less than this guy makes are furious when they read that article.
williambanzai7
"The only reason he makes that much is he is employed"
by his smarter brother
Yes, that too.
I also forgot to mention that the standing Army that Bloomberg is building to protect his Wall Street cronies costs big bucks to maintain.
One comment, he's not complaining about taxes. He's complaining about the amount of money he makes (which may be directly effected by income taxes but he does not make that the case). And it is an extremely pretentious statement that he is making as I'm sure those "lowlifes" who collect food stamps and receive, oh lord, FREE education, would much rather be making 350k a year than surviving under their current conditions.