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The four biggest investment banks on Wall Street shelled out $30 billion in bonuses last year.

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4 t 4 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:27 PM
Original message
The four biggest investment banks on Wall Street shelled out $30 billion in bonuses last year.
Edited on Wed Oct-01-08 01:33 PM by on the EDGE
$30 billion in bonuses last year. Hey everyone out there, how much was your bonus last year?
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Tesla Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:28 PM
Response to Original message
1. But they need bailed out!!
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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:35 PM
Response to Reply #1
5. Interesting that someone with $30 Billion needs my taxes to "help him put out the fire in his house"
I dont recall any multi-billionare bankers ever offering to help me with any of my "fires." For that matter, very few DEMS are asking them to pay for the expenses involved inputting out the fire they started.

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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:30 PM
Response to Original message
2. So claw it back.
That should be part of the deal. Clawbacks are right and appropriate in these times. Besides, the way things have turned out, there is no clear reason for bonuses.

It is time for government to get hellaciously tough with the financial industry. Just like they get tough with us, every day.
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Gormy Cuss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:36 PM
Response to Reply #2
6. I believe that claw backs from executives should be part of the deal
CEOs, CFOs, and the whole executive suites should be ashamed of themselves. Those below management can keep their bonuses -- many of them are out of work now thanks to these screw ups running the joint.

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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:43 PM
Response to Reply #6
10. It will not be part of the deal. The millionares & billionares will lose nothing in this deal.
n/t
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Gormy Cuss Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 02:31 PM
Response to Reply #10
13. Of course not, but it should be.
I do hope that stockholders demand more accountability in the future. The compensation and incentives to perform are severely out of whack.
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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:33 PM
Response to Original message
3. So they only need $670 Billion of tax money, not $700 Billion. Right?
The DEMS will demand that they put $30 billion towards the amount, without asking me for it? Right? Right?

"Wrong, you socialist DEM basher shut up & get in line!"

LOL!
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:45 PM
Response to Reply #3
12. Didn't Georgie give em 630B last week?? now we're down to 40 B..mission accomplished
Edited on Wed Oct-01-08 01:45 PM by SoCalDem
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dkofos Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:33 PM
Response to Original message
4. If you added up the bonuses from the last 10 years they could bail themselves out.
FUCKING CROOKS
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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:40 PM
Response to Reply #4
8. I know. No one can tell me why they cant pool together $700 Billion on their own.
Surely they could sell a few mansions, yachts & oil wells, -or just dip into their private accounts- and pool together the money they say I need to give them.

When my family's business failed- there was no "bail out"

There were no millionare bankers (or Democrats)offering to "put out the fire" at our house. No, we had to sell things and use our private funds (no bonuses)to cover our debt.

Funny that so few DEMS are not for forcing millionares & billionares to cover their own expenses like regular people have to...
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:38 PM
Response to Original message
7. HEY! Maybe THAT'S the answer! If the banks need a loan, get it
from THOSE GUYS!
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Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:41 PM
Response to Reply #7
9. I've been saying this all week, and everyone says it is childish an "not the way things work"
Edited on Wed Oct-01-08 01:42 PM by Dr Fate
Funny, b/c that is exactly the way it works when a poor person goes into debt- they have to find the money somewhere or sell their belongings. No one "bails them out."

I've serioulsy wondered why they cant pool together $700 Billion on their own w/o asking me for it- but no one has answered me yet.
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 01:44 PM
Response to Original message
11. poor little capitalists.
maybe we should add another $50 billion to the bailout for this year's bonuses
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JackRiddler Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 02:37 PM
Response to Original message
14. Do you think they saw something coming?
That was the getaway car for the upper echelons.

They'll pull at least that much for themselves out of the $700 bn, too.
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