Bank Bonuses Exceed profits... - New England Patriots Forums - PatsFans.com Patriots Fan Messageboard
NEWS
|
FORUM
|
PHOTOS
|
VIDEOS
|
FULL STATS DATABASE
|
PODCAST
|
RUMOR MILL
Get Social With PatsFans.com
Early Roster Projection
Ryan's Journey Started Early
POST DRAFT PODCAST

Go Back   New England Patriots Forums - PatsFans.com Patriots Fan Messageboard > Off Topic Forums > Political Discussion
Forgot Password? Join PatsFans.com!
Register Blogs FAQ Members List Calendar Arcade Mark Forums Read Chat Room

WELCOME TO OUR FORUM HERE AT PATSFANS.COM!
ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW

Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!

Reply
 
Thread Tools Display Modes
Old 07-30-2009, 05:41 PM   #1
All Pro Poster
 
Holy Diver's Avatar
 

Join Date: Sep 2004
Location: Big Frisco
Posts: 10,798
My Mood: Angelic
Default Bank Bonuses Exceed profits...

WTF moment????

http://www.cbsnews.com/htdocs/pdf/Bo...nal7.30.09.pdf


According to the report:

• 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..
Holy Diver is offline   Reply With Quote
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!

Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account
including Removing All Ads During Your Experience Here At Our Forum.

NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98

Updated 07/08/11

Help Us Reach Our Goal!

Old 07-30-2009, 05:44 PM   #2
In the Starting Line-up
 

Join Date: Sep 2004
Posts: 2,422
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by Holy Diver View Post
WTF moment????

http://www.cbsnews.com/htdocs/pdf/Bo...nal7.30.09.pdf


According to the report:

• 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.



Monsters amongst us.


.
mikey is offline   Reply With Quote
Old 07-30-2009, 06:51 PM   #3
Moderator
 

Join Date: Jan 2005
Posts: 22,109
My Mood: Fine
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by Holy Diver View Post
WTF moment????

http://www.cbsnews.com/htdocs/pdf/Bo...nal7.30.09.pdf


According to the report:

• 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."
patsfan13 is offline   Reply With Quote
Old 07-30-2009, 07:31 PM   #4
In the Starting Line-up
 

Join Date: Sep 2004
Posts: 2,422
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by patsfan13 View Post
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.

.
mikey is offline   Reply With Quote
Old 07-30-2009, 07:34 PM   #5
Moderator
 

Join Date: Jan 2005
Posts: 22,109
My Mood: Fine
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by mikey View Post
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."
patsfan13 is offline   Reply With Quote
Old 07-30-2009, 07:42 PM   #6
Banned
 

Join Date: Jan 2007
Posts: 4,981
Default Re: Bank Bonuses Exceed profits...

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
tanked_as_usual is offline   Reply With Quote
Old 07-30-2009, 08:24 PM   #7
In the Starting Line-up
 

Join Date: Sep 2004
Posts: 2,422
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by tanked_as_usual View Post
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.


.
mikey is offline   Reply With Quote
Old 07-30-2009, 09:43 PM   #8
Experienced Starter w/First Big Contract
 

Join Date: Sep 2004
Posts: 6,922
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by patsfan13 View Post
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.
scout is online now   Reply With Quote
Old 07-30-2009, 09:49 PM   #9
Banned
 

Join Date: Jan 2005
Posts: 7,669
Default Re: Bank Bonuses Exceed profits...

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.
maverick4 is offline   Reply With Quote
Old 07-30-2009, 10:11 PM   #10
Hall of Fame Poster
 
PatriotsReign's Avatar
 

Join Date: Jan 2007
Posts: 22,648
Default Re: Bank Bonuses Exceed profits...

Quote:
Originally Posted by mikey View Post
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.

GREED is the only culprit here.
PatriotsReign is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank of Obama or Bank of America ?????? NEPatriot Political Discussion 0 06-19-2009 02:32 PM
Bogus Bank profits from Obama Accounting rules NEPatriot Political Discussion 1 06-05-2009 11:47 AM
Military Wants Disabled Vets Bonuses Back... Terry Glenn is a cowgirl Political Discussion 0 12-12-2007 09:34 PM



All times are GMT -5. The time now is 04:26 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2

© Copyright 2000-2012. PatsFans.com Is a Partner of USA TODAY Sports Digital Properties.
The opinions posted in this forum do not necessarily reflect the opinions of our staff at PatsFans.com or USA Today.
We are not affiliated with the New England Patriots™ or the NFL™. The Photo Used In the header was taken by Ian Logue.

This site is owned and operated by I&K Internet Design Enterprises, LLC