Gov to pressure Treasury Dept to get back TARP money used for bonuses.

[Pneumothorax]

It's not just CEOs, tons of middlemen also were on the take. Corner them and make them pay it back or start seizing their assets and having a nice auction on their SO's diamond jewelry/S-class benzes/manhattan penthouses and such. And if they try to hide... hang em'

 

[LegendKiller]

Originally posted by: BoberFett

Originally posted by: LegendKiller

Originally posted by: SSSnail
Open your eyes LK, the economies of the world are in the crapper because of the so called organized banking cartels. It's collapsing, and all thanks to the people that you worship. They're have always work for their own benefits and raping any and all things that they can, for themselves and nobody else. Wake up fool.

First off sparky, I don't "idolize" anybody. I love how you make it seem like the banks forced people to sign on the dotted line. Yeah, there was an "invisible hand" making them scribble their signatures.

Populist bullshit like yours is part of the reason why we got into this mess. It's all "their" fault for making "us" take the loan with "them" and now "they" need to pay. Fuck that.

There is no bank "cartel".

Like I said before, go jump out a window. I hope you have an office on a high floor.

Wow, what a rational and mature way of handling situations. Must be nice to play e-thug.

 

[LegendKiller]

Originally posted by: GroundedSailor
In one of the worst economic years in recent history with the dow at historic falls, they get the 6th highest bonuses on record? Is that morally right?

There's little sympathy for Wall Street bonus babies. On Jan. 28, New York State Comptroller Thomas P. DiNapoli issued a report showing that bonuses fell 44% in 2008?yet the size of the securities industry bonus pool, estimated at $18.4 billion, was the sixth-highest on record. Considering that many Wall Street firms benefited from federal bailout dollars, the online reaction has been swift?and negative.

To many commenters, the idea of bonuses as layoffs keep mounting and businesses go bankrupt shows just how out of touch some financial firms are. As one wrote on The New York Times Web site: "This is hard to believe and impossible to read with equanimity. Wall Street should be hanging [its] head with shame. Instead, it plunges forward with mad self-enrichment at the expense of the rest of the country, even the rest of the world!" Adds another: "Take the money back and grind up the offenders into cat food," wrote a Times commenter, who identified himself as being from Montana.

Financial firms say bonuses are necessary to retain top-level employees. But to many readers, that's a nonstarter. After all, many people are worried about keeping the jobs they have?not jumping to new firms, which probably aren't hiring anyway.

http://www.businessweek.com/bw.../db20090129_710996.htm

Firms *ARE* hiring in specific areas, especially if they see they can profit from hiring you.

 

[PingSpike]

"Its shameful." is more pragmatic then I would have been. I would have said that I'm coming for you and I'm going to rip you a new asshole. Then I'm going to sew the hole shut so I can rip it open again.

 

[Special K]

Originally posted by: LegendKiller

Originally posted by: GroundedSailor
In one of the worst economic years in recent history with the dow at historic falls, they get the 6th highest bonuses on record? Is that morally right?

There's little sympathy for Wall Street bonus babies. On Jan. 28, New York State Comptroller Thomas P. DiNapoli issued a report showing that bonuses fell 44% in 2008?yet the size of the securities industry bonus pool, estimated at $18.4 billion, was the sixth-highest on record. Considering that many Wall Street firms benefited from federal bailout dollars, the online reaction has been swift?and negative.

To many commenters, the idea of bonuses as layoffs keep mounting and businesses go bankrupt shows just how out of touch some financial firms are. As one wrote on The New York Times Web site: "This is hard to believe and impossible to read with equanimity. Wall Street should be hanging [its] head with shame. Instead, it plunges forward with mad self-enrichment at the expense of the rest of the country, even the rest of the world!" Adds another: "Take the money back and grind up the offenders into cat food," wrote a Times commenter, who identified himself as being from Montana.

Financial firms say bonuses are necessary to retain top-level employees. But to many readers, that's a nonstarter. After all, many people are worried about keeping the jobs they have?not jumping to new firms, which probably aren't hiring anyway.

http://www.businessweek.com/bw.../db20090129_710996.htm

Firms *ARE* hiring in specific areas, especially if they see they can profit from hiring you.

But are the levels of the bonuses justified, given the current economic climate? Why is it only in the finance industry that pay and bonuses are always claimed to be "necessary" to keep good employees? Are there no good employees in any other sector?

 

[0marTheZealot]

How do you even give a bonus out to employees that lost hundreds of millions of dollars? Shouldn't they be fired?

"Hey, come in here. You lost 500 million dollars trading securities backed by bad mortgages. Good job."

(shamelessly ripped from the Daily Show).

 

[CADsortaGUY]

Originally posted by: SSSnail
Linky

President Barack Obama fed a swelling populist revolt against Wall Street bonuses, calling it ?shameful? that banks doled out $18.4 billion as taxpayers bail out companies and the U.S. remains mired in a recession.

The bonuses are ?the height of irresponsibility,? Obama said today before meeting Treasury Secretary Timothy Geithner and Vice President Joe Biden at the White House. Firms need to ?show some restraint and show some discipline,? Obama said.
....

Dodd, a Connecticut Democrat who heads the Senate Banking Committee, vowed at a press conference at the Capitol to go beyond condemnation and seek a return of bonuses.

?I?m going to be urging -- in fact not urging, demanding -- that the Treasury Department figures out some way to get the money back,? Dodd said. ?This is unacceptable.?

The senator said he will force executives whose companies received taxpayer aid to testify before his committee to explain their bonuses.

I'm Sssnail and I approve of this message. Make the criminals pay, make them pay interests on it too and while they're at it, seize their assets.

IMO, it is "shameful" that BHO and his congressional henchmen are loading a spending bill and trying to pass it off as "stimulus".
IMO, it is "the height of irresponsibility" for them to load the supposed "stimulus" bill up with things that couldn't get passed on their own as spending bills.

Maybe BHO should spend more time on the waste he's bringing to bear on us instead of railing against corporations and their management.

 

[Thump553]

Originally posted by: BoberFett

Originally posted by: Harvey

Originally posted by: Lemon law

Gotta agree, we did not bail out these idiots so they could pay bonuses to idiots.

+1 :thumbsup:

So why didn't the Democrats simply put that stipulation in the bill the first time around? Perhaps they're in on the con job?

No, it couldn't be. Your gods wouldn't do that.

Simple-GWB threatened to veto any bailout bill that restricted wages, and Wall Street's handmaiden Henry Paulson fully concurred. They settled for a totally ineffective restriction that only applied to banks that sold toxic assets to the government-and Paulson made sure we actually bought no such toxic assets-he just gave them the money in other ways.

 

[Jaskalas]

Originally posted by: Lemon law
Gotta agree, we did not bail out these idiots so they could pay bonuses to idiots.

We're telling you not to bail them out, and you ignore us. Now you want to throw them in jail or force them to pay it back. This is an abhorrent abuse of power.

 

[AlienCraft]

Originally posted by: SSSnail
I don't think it was stupidity, but calculated robberies. They're not at all stupid, because they pulled off the biggest transfer of wealth in the history of this nation, and get away.

Fixed it for you.