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CITIGROUP intends to raise salaries by up to 50%; Effort to halt exodus of top traders, bankers
Drudge ^ | 6/23/09

Posted on 06/23/2009 6:48:27 PM PDT by Crazieman

Drudge Developing:

FLASH: CITIGROUP intends to raise salaries by up to 50%; Effort to halt exodus of top traders, bankers... Developing...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: bho44; bhoeconomy; citicorp; citigroup; congress; corruption; democrats; economy; obama; taxes
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Can I say, DUH?
1 posted on 06/23/2009 6:48:28 PM PDT by Crazieman
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To: Crazieman

Cap salaries, and lose talent to competitors who pay more.

Duh!


2 posted on 06/23/2009 6:49:19 PM PDT by RockinRight (Obama: Math is hard, so we just make sh-t up.)
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To: Crazieman; AuntB; cripplecreek

Things is, a number of those top traders and bankers got us into the mess that the taxpayers are footing the bill for.


3 posted on 06/23/2009 6:49:50 PM PDT by Clintonfatigued (The McCain/Palin ticket was like a Kangaroo, stronger on the bottom than at the top)
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To: Crazieman

Will have to get permission from the money czar or cap czar or the czar of the world behind the red curtain before that can happen.


4 posted on 06/23/2009 6:50:05 PM PDT by shadeaud ("If you can't beat them, arrange to have them beaten." -- George Carlin)
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To: Crazieman

So where are all these so called high power people going? Wells Fargo? Bank of America? AIG?


5 posted on 06/23/2009 6:50:46 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: Crazieman

Der Fuhrer’s “wealth czar” will be on the case before long. Only corrupt, ‘RAT politicians are allowed to make “the big bucks!” Citibank should know that.


6 posted on 06/23/2009 6:51:37 PM PDT by FlingWingFlyer (Hey America! How's that "hope and change" thing working out? Are you scared yet?)
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To: Clintonfatigued

“Things is, a number of those top traders and bankers got us into the mess that the taxpayers are footing the bill for.”

I always thought it was the mortgage people and those selling mortgage backed securities. How did a normal stock trader cause this?


7 posted on 06/23/2009 6:52:25 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Crazieman

Why those FAT CATS!

Obama wont like this!


8 posted on 06/23/2009 6:53:48 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Drango

Careful now....common sense will be chased out of this thread.


9 posted on 06/23/2009 6:54:39 PM PDT by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: RockinRight
After the performance of so terribly many banks and brokerages in the current economic difficulty I would suggest that there's no sign any of their employees are particularly talented in anything at all.

So what's the justification for increasing salaries?

10 posted on 06/23/2009 6:55:04 PM PDT by muawiyah
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To: Crazieman

WHAT DO THEY DO DESERVE A RAISE?

Please anyone, answer that one.


11 posted on 06/23/2009 6:55:23 PM PDT by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: muawiyah

My question also.


12 posted on 06/23/2009 6:56:26 PM PDT by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: Crazieman

These are the same idiots who marched on DC demanding we bail them out of the mess they created. They shouldn’t be allowed anywhere NEAR a bank!


13 posted on 06/23/2009 6:56:37 PM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: Drango

goldman, morgan stanley, jp morgan, and any foreign institution not tied up in this tarp stuff.


14 posted on 06/23/2009 6:57:55 PM PDT by WoofDog123
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To: Crazieman
Here's a group that had no caps on salaries - and we all paid for it!
15 posted on 06/23/2009 7:00:27 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: Crazieman
Halt the exodus?

Where is the grass greener?

The banking business is a disaster.

They can't afford to lose any more incompetents?

(from a recent e-mail: "I went to buy a new toaster and they threw in a bank." Also....."When the bank notifies you your check was returned due to insufficient funds, you have to ask if it's you or them that had no money to cover the check.")

16 posted on 06/23/2009 7:02:01 PM PDT by NoControllingLegalAuthority
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To: Crazieman

Drudge said — FLASH: CITIGROUP intends to raise salaries by up to 50%; Effort to halt exodus of top traders, bankers... Developing...

Ummm..., where are they getting more money? LOL...


17 posted on 06/23/2009 7:02:14 PM PDT by Star Traveler (I personally oppose shooting abortionists, but I do not believe in imposing my morality on others.)
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To: muawiyah
So what's the justification for increasing salaries?

Pay backs? Just a thought

18 posted on 06/23/2009 7:03:29 PM PDT by Las Vegas Ron (zer0 is doing to capitalism what Kennedy did to health care)
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To: Clintonfatigued

Actually, *those* vere a very small number, and, those are LOOOONG gone.


19 posted on 06/23/2009 7:04:07 PM PDT by farlander (Sic Semper Tyrannis)
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To: Drango

UBS Warburg in Switzerland. They’ve been pretty much grabbing anyone they could get. And the Swiss govm’t is letting them negotiate their own tax rate with the Canton they decide to live in. Around 10% or so...


20 posted on 06/23/2009 7:05:08 PM PDT by farlander (Sic Semper Tyrannis)
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