The bank and wall street are giving themselves 95 billion in bonuses!

[Maraya1969]

Last edited Wed Dec 18, 2013, 09:59 PM - Edit history (1)

http://other98.com/wall-street-give-your-bonuses-to-the-people-you-made-homeless/

The only thing I can think of to do is sign this petition and others like it. And maybe other ideas?

And check out the book for these greedy rat bastards, "How to spend it." Be the Financial Times. A book that explains how these pathetically rich people can spend their money, (I guess to avoid paying taxes)

-----------------------------------------------------------------------------


“Wall Street is about to give themselves $94.11 Billion – with a B – in holiday bonuses, even as they continue to dodge jail time for their ongoing crime spree!”1HUH? Wall Street megabanks forced ten million people out of their homes due to the foreclosure crisis, while spending 2013 dodging the law for the blatant financial fraud that left folks homeless.2


HOW? Ten banks kicked off 2013 by paying $8.5 billion to settle complaints that they improperly foreclosed on homeowners3; in the summer, Bank of America was charged with rewarding employees who pushed the MOST people into foreclosure4; and then JPMorgan Chase rounded off the year by paying $13BN in fines to make fraud complaints go away.5


WHY? That $91.44 Billion a year could go a very long way towards undoing the vast damage done by Wall Street’s megabanks that have engaged in megafraud, not to mention go quite a long way towards curbing American homelessness in general.


How insane is our Wall Street bonus situation? Wall Street bankers are running out of ideas of how to spend the money. That’s not a joke: the Financial Times publishes “How To Spend It” magazine to help stumped Wall Street bankers figure out what to do with their fat bonus checks.


Megabankers might not spend too much time outside of the financial district, but we do, and we know that bankers are unbelievably unpopular right now. [link to Hayes piece] So, we’re asking them to do the right thing: give their bonuses to the people they made homeless. It doesn’t take a genius to know this is good PR – it’s a win/win for the banks!


Are you the kind of nerd, like us, who wants more details and sources? Read on!


We weren’t joking about $91.44 Billion putting us on the road to ending homelessness for good.

Seriously: The National Affordable Housing Trust is a program that, if funded for $30 billion a year for 10 years, could END homelessness in America. [bit.ly/trustfundforhomes]

The banks could pay for the first two years of funding with one year of bonuses alone!6 Meanwhile, public housing – y’know, the place that the foreclosed have largely been pushed into? – has needed $21 Billion in repairs for a long time.7 That means $10.44 Billion left over – more than enough bonuses for every Wall Street banker to take many, many, many trips to Disney World, or whatever Wall Street bankers spend their money on. (Ahem.)
Sources:

- See more at: http://other98.com/wall-street-give-your-bonuses-to-the-people-you-made-homeless/#sthash.WhrcIIKq.dpuf

[Maraya1969]

1. Seriously? It doesn't bother anyone that the amount that bankers

are taking in bonuses could actually END HOMELESSNESS in the US?

And how ironic it is that they are a big reason for homelessness?

[Electric Monk]

2. Maybe the fact that your headline is off by more than a factor of 10 has people clicking away

instead of replying?

That was my first inclination.

[Maraya1969]

5. Oh will someone could have told me that.

[Egalitarian Thug]

3. K&R but a trillion is 1,000 billions, not 100. n/t

[firsttimer]

4. 1 trillion

[Maraya1969]

6. I fixed it. Thanks

[GeorgeGist]

7. Usually people laugh their way to the bank ...

these phuckers laugh their way from the bank.

[joeglow3]

8. I need more info.

Last time there was outrage about this banks stopped the bonuses. This mean my sister who was a teller making 40,000 a year lost out on her bonus. Sadly, these groups often lie and everyone and their mom is included, but presented like 50 people are collecting it all.

[Maraya1969]

9. You have a point. I was thinking it was just the amount that the

big wigs get. There should be a limit on the amount of any one bonus - say 4 million. There are just so many that end up almost a billion dollar a year incomes because of these bonuses. I've seen it.