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• Goldman Sachs, which earned $2.3 billion last year and received $10 billion in TARP funding, paid out $4.8 billion in bonuses in 2008 - more than double their net income.
• Morgan Stanley, which earned $1.7 billion last year and received $10 billion in bailout funds, handed out $4.475 billion in bonuses, nearly three times their net income.
• JPMorgan Chase, which earned $5.6 billion in 2008 and received $25 billion from the government, paid out $8.69 billion in bonus money.
• Citigroup and Merrill Lynch lost a combined $54 billion last year. They received a total of $55 billion in bailouts and paid out $9 billion in combined bonuses. ($5.33 billion for Citigroup; $3.6 billion for Merrill Lynch, which was subsequently acquired by Bank of America.)
the american public is a bunch of marks, our elected reps are whores, and these corporate giants are the pimps.
wonderful.
Last edited by Holy Diver; 07-30-2009 at 05:42 PM..
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• Goldman Sachs, which earned $2.3 billion last year and received $10 billion in TARP funding, paid out $4.8 billion in bonuses in 2008 - more than double their net income.
• Morgan Stanley, which earned $1.7 billion last year and received $10 billion in bailout funds, handed out $4.475 billion in bonuses, nearly three times their net income.
• JPMorgan Chase, which earned $5.6 billion in 2008 and received $25 billion from the government, paid out $8.69 billion in bonus money.
• Citigroup and Merrill Lynch lost a combined $54 billion last year. They received a total of $55 billion in bailouts and paid out $9 billion in combined bonuses. ($5.33 billion for Citigroup; $3.6 billion for Merrill Lynch, which was subsequently acquired by Bank of America.)
the american public is a bunch of marks, our elected reps are whores, and these corporate giants are the pimps.
• Goldman Sachs, which earned $2.3 billion last year and received $10 billion in TARP funding, paid out $4.8 billion in bonuses in 2008 - more than double their net income.
• Morgan Stanley, which earned $1.7 billion last year and received $10 billion in bailout funds, handed out $4.475 billion in bonuses, nearly three times their net income.
• JPMorgan Chase, which earned $5.6 billion in 2008 and received $25 billion from the government, paid out $8.69 billion in bonus money.
• Citigroup and Merrill Lynch lost a combined $54 billion last year. They received a total of $55 billion in bailouts and paid out $9 billion in combined bonuses. ($5.33 billion for Citigroup; $3.6 billion for Merrill Lynch, which was subsequently acquired by Bank of America.)
the american public is a bunch of marks, our elected reps are whores, and these corporate giants are the pimps.
wonderful.
Citigroup & Goldman are crawling with dems and ex exec that are dems in the administration, the dem gov of NJ was a Goldman exec, what do you expect the dems are taking care of their own...
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Citigroup & Goldman are crawling with dems and ex exec that are dems in the administration, the dem gov of NJ was a Goldman exec, what do you expect the dems are taking care of their own...
I thought this is a bi-partisan disgrace. The former treasury who approved TARP for his cronies at Goldman is a Republican, so is the former Black head of Merrill Lynch who was George Bush's top fundraiser.
This is obscene. As millions of Americans are jobless, homeless, and without health care, these despicable people are taking home millions in bonuses courtesy of the American taxpayers.
I thought this is a bi-partisan disgrace. The former treasury who approved TARP for his cronies at Goldman is a Republican, so is the former Black head of Merrill Lynch who was George Bush's top fundraiser.
This is obscene. As millions of Americans are jobless, homeless, and without health care, these despicable people are taking home millions in bonuses courtesy of the American taxpayers.
.
I was against TARP, and the Bush stimulus, smaller government is the way to go.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
thing is, some of the investors have reached returns goals (ie have made their investors tons of money)
in my opinion, you have to make good on the contracts of those who have actually reached their goals (mostly commodities)........unless, of course you want to waste ALL of the govt money
thing is, some of the investors have reached returns goals (ie have made their investors tons of money)
in my opinion, you have to make good on the contracts of those who have actually reached their goals (mostly commodities)........unless, of course you want to waste ALL of the govt money
Without the taxpayer's TARP rescue money, there is no company, no jobs, no contracts, no bonus, and zero investors return.
Without taxpayer's TARP rescue money, employees of Goldman, JPMoran, Morgan Stanley, and Citibank are just like the employees of Lehman Brothers and Bears Stern; jobless.
These people should be LUCKY to even have job. They should contribute all these obscene profit to the taxpayers/ Federal government to reduce budget deficit.
These vultures of Wall Street are financial terrorists.
Citigroup & Goldman are crawling with dems and ex exec that are dems in the administration, the dem gov of NJ was a Goldman exec, what do you expect the dems are aking care of their own...
That is hilarious!
First, the greed of the banking group is so perverted that this is almost unimaginable. Everyone (with the exception of bankers) is outraged. But wait, it's the Democrats fault. Don't you know that Wall Street is crawling with Dems. Yes, we should blame the Democrats.
Let's Skip the fact that these people are scum and go straight to blaming the party which you oppose. Not that that is logical, just that it fits nicely with your agenda.
It's amazing how these people are supposed to be experts in numbers, accounting, financials, and balance sheets... and yet are so horrible (or simply immoral) when it comes to their own companies.
I thought this is a bi-partisan disgrace. The former treasury who approved TARP for his cronies at Goldman is a Republican, so is the former Black head of Merrill Lynch who was George Bush's top fundraiser.
This is obscene. As millions of Americans are jobless, homeless, and without health care, these despicable people are taking home millions in bonuses courtesy of the American taxpayers.
.
It would be FOOLISH to believe these excessive bonuses have anything to do with partisan politics...very foolish.