UPDATE 1-U.S. House approves placing curbs on executive pay

[nitro]

http://www.reuters.com/article/marketsNews/idINN3125896820090731?rpc=44

"In spite of a dismal year on Wall Street, the report by New York Attorney General Andrew Cuomo said bonuses paid at nine bailed-out banks exceeded some of the banks' annual profits."

Incredible. What I don't understand is, how do you give these people all this taxpayer money, and then set down the terms? Are the people responsible for the oversight asleep at the wheel? Sheesh

 

[nazzdack]

Quote from nitro:
...dismal year on Wall Street, the report by New York Attorney General......

1) 0-3-0-0. What did you expect?
2) Politicians from New York can't oppose the industry if they ever expect to be re-elected again.
3) There isn't enough "outrage" to do anything about "it" yet.

 

[countryBoy]

Geez, the government is having a heck year as well as wall street:

Who takes credit for leaving Bernie Madack unattended for years. Do we need to give this guy a bonus?

What about the CRA folks? Do you all needs some pay raises to come up with more ideas how to bring banks to their knees in a few short years?

Massive deficits in Washington. PAYGO, not working?? Need more money to get the numbers to work?

Just a few ideas.

 

[Renegen]

"bonus paid exceeded annual profit"

translation : FUCK YOU shareholders.

So much for always putting the shareholder first, all is justified theory, championed by Wall Street. Hypocrites.

 

[countryBoy]

Quote from Renegen:

translation : FUCK YOU shareholders.

Wow. Such clarity. How do you do it?

Note to self: find the ignore button for this loony MB.