Wall St bonuses should go to ZERO

Quote from Bogan7:

Obviously you have never worked for an investment bank as a lot of the staff would have earned the firms good money and deserve to be paid for their efforts. Its laughable so many of you come on complaining about the US becoming Solicalist but dont want to pay people what they are worth the irony is palpable.
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Socialists pay people what they think they worth, capitalist pays people on what they produce .
Which one are you ?
 
Quote from KeithOmalley:

i totally agree with you except for one point. when Paulson took the 9 banks into the room and they did not know why. paulson forced the 9 biggest banks to take money even though some of them did not need it.
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I'm sorry, but that is just too absurd to believe. You see the losses these banks are writing down, you can look at their balance sheets to find this worthless mortgage derivate paper all over them. Do you really think they needed any convincing? Do you really think Morgan Stanley (who was crying for more money from Treasury to pay bonuses) or Goldman (whose stock is getting dumped) did not need the money to stay afloat?
 
Quote from Mecro:

I'm sorry, but that is just too absurd to believe. You see the losses these banks are writing down, you can look at their balance sheets to find this worthless mortgage derivate paper all over them. Do you really think they needed any convincing? Do you really think Morgan Stanley (who was crying for more money from Treasury to pay bonuses) or Goldman (whose stock is getting dumped) did not need the money to stay afloat?
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did i say MS or GS? did you see the 2 banks i brought to your attention? JPM and WFC. Both banks have stayed out of troulbe and have done everyone a favor by taking the CRAP off the hands of the us taxpayers. its because of them the fdic does not have WM or WB on the fdic balance sheet
 
This is a very simple matter....

The people are the company....

The company has fucked up....beyond all belief and amazement and have taken down a lot of innocent people....ie MS, GS....and OIL Prices....FOOD Prices.....Hedge fund leverage and oversizing the actuals .....Same in emerging stocks...and many US stocks....
And this is just the tip of the iceberg....

There are no "individuals".....just companies.......

An employee is just one of the bricks in the building.....

As a matter of fact....all of the IBs should be fucking eliminated.....

And as much as I hate lawyers.....the innocents should sue the fuck out of them.....
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Time to start over....the Right Way this time.....
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A REAL STOCK MARKET would fare a lot better without the IB business model bullshit....just period....

Nope....the world does not need IBs...in fact...they DO need to get rid of them fast.....They have FAILED....and do not fit in with the new techology as to what a TRUE STOCK MARKET can be....

Does one think for a moment that Paulson really works for the US Government....

By the way...what portion of Paulson's 2006 GS bonus was due to the very instruments that have caused many of the current problems....and this guy says in public....although he personally has millions in the bank from the crux of the current losses....he says he has nothing to do with it....

Excuse me.....but do you think that if you personally collected millions from the cause of the problems....that you had anything to do with it....?

How fucking complicated is this ?
 
Dear Morons.

Not only should they not get bonuses, but the money they stole in the last few years (not earned, stole) should be recaptured.

Then they should serve jail time and be billed for it.

Sincerely,

Up Yours
 
Quote from KeithOmalley:

did i say MS or GS? did you see the 2 banks i brought to your attention? JPM and WFC. Both banks have stayed out of troulbe and have done everyone a favor by taking the CRAP off the hands of the us taxpayers. its because of them the fdic does not have WM or WB on the fdic balance sheet
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You mean the same JPM which got Fed backing to take over Bear Sterns aka more printed money? Or the same JPM which is a member bank of the Federal reserve System? WFC is also, by the way.

You're kidding yourself if you think these banks are doing you any favors.
 
Quote from Mecro:

You mean the same JPM which got Fed backing to take over Bear Sterns aka more printed money? Or the same JPM which is a member bank of the Federal reserve System? WFC is also, by the way.

You're kidding yourself if you think these banks are doing you any favors.
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ok so why should Jamie Diamond not take a bonus this year? JPm is flat on the year while the market is down 40%.

did he ask for government money? did they not take the risk of WM portfolio?
was there anyone else willing to take BSC without government help?
 
Quote from KeithOmalley:

ok so why should Jamie Diamond not take a bonus this year? JPm is flat on the year while the market is down 40%.

did he ask for government money? did they not take the risk of WM portfolio?
was there anyone else willing to take BSC without government help?
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they took wm and bsc for pennies on the dollar because they thought it would make them a profit,there is no other ,higher calling ,reason in their decision. If the econoomic system was really going under,these soldiers at the front line would not be shooting holes in the life boat, this is the whole bush army,raiding the bank vaults on their way out.
 
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