Many bailed-out banks plan pay raises, worker bonuses »
Posted By rumple4skin 1 year, 2 months ago in Business & FinanceNEW YORK ? Despite the Wall Street meltdown, the nation's biggest banks are preparing to pay their executives and employees as much as last year or more, including bonuses tied to personal and company performance.
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rumple4skin
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sailrComment removed: Retracted by user
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alonmias1 year, 2 months ago
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off with their heads. where's a decent guillotine when you need it?
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If governments are buying banks in Europe, maybe it’s a good idea for the US to actually enforce certain restrictions on the way Banks are being run - including such raises.
This is not your local grocer, as we found out - what happens within these banks screws us all. -
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alonmias1 year, 2 months ago
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If governments are buying banks in Europe, maybe it’s a good idea for the US to actually enforce certain restrictions on the way Banks are being run - including such raises.
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This is not your local grocer, as we found out - what happens within these banks screws us all. -
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nostalgia1 year, 2 months ago
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Congress couldn't be bothered to write any restrictions on this in a 450 page bill????
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That is where the finger of blame needs to be pointing
How could they decide to give away $700 billion and NOT include restrictions?
Dodd and Frank need to be inundated with calls and email -
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canadianrancher571 year, 2 months ago
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Every year at this time we wean our calves so that the cows have time to recover for the winter. I was wondering if we could wean the bankers and many in the financial sector for the same reason so that we can recover. The only way to wean calves is basically to lock them up and this might be a good idea for some of these guy who have bled their banks dry not only from bad investing but also from benifits that we can only dream of.
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I no longer consider this money a bailout it looks like more of a gift. -
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jaern1 year, 2 months ago
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They are proving they are incapable of regulating themselves-look shocked and horrified Mr Greenspan! They are making a great argument for government regulation. I hope when this is all said and done, they'll need to fill out forms in triplicate just to break wind.
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nostalgia1 year, 2 months ago
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Stop waiting for "someone else" to do something
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Contact your Senators and your member of Congress
Express your displeasure to Barney Frank and Chris Dodd
If you deal with any on these banks take your money elsewhere
You are not powerless - STOP acting like you are -
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ETproductions1 year, 2 months ago
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Well, the New Republicans came in with a promise to "End welfare as we know it". They sure did it.
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The richest 1% of Americans owned about 25% of the nation's wealth when Ronnie Raygun was elected. They have 50% in their cold claws now, and it looks like that's not nearly enough. Feudalism, here we come. All you serfs get back to work for the Nobility that owns you. -
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reallypsst1 year, 2 months ago
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The fix was in as usual it would be nice to disclose to the american people the investments and financial profiles of every politician so we can truly see how corruption rules the nation.If you look back at our history this country always had a boon and bust economy and right in the center was war and corruption so people we are the losers once again.
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reallypsst1 year, 2 months ago
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The truth is both political party's are at fault , Has anyone seen a politician on welfare or losing his home, so its absurd to blame one, Look at the top who always wins in good or bad times! Find the puppet master who's pulling the strings and i bet you he doesn't consider himself a republican or democrat only a super rich sob thats above the law!
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ClockworkorangeComment removed: Abusive2 Replies
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most_reasonable1 year, 2 months ago
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The best way to stop this misjustice is to vote out the GOP and never let them return to the Whitehouse. Eight years of favoring these crooks with an increasing National Debt.
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The NEW trickle down philosophy is hang the American middle class by their heels and let whatever is left in their pockets be accumulated by the supporters of George W. Bush.
McCain says "sounds good to me."
Of course John admits he knows nothing about economics but his chief economic adviser, Phil Gramm says that everything is OK and American's are Whiners.
They are STILL planning to raid Social Security and start a stock fund for your retirement. Guess who will run the fund.-
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most_reasonable1 year, 2 months ago
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BTW
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Remember the bailout of Bear Sterns?
Guess what they did with the 40 Billion.
They bought commodities principally OIL at $160/bbl. Why, because the LEVERAGE permitted them about a 5-10 multiple on their investment dollars. I wonder how much they lost of our money on that one.
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