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1 posted on 01/30/2009 5:44:46 PM PST by Kaslin
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To: Kaslin
"Democratic Sen. Chris Dodd had this to say to those executives who take home big bonuses: "If you do it, I'm going to bring you before the (Senate Banking) Committee."

Someone needs to put this crook under investigation.

2 posted on 01/30/2009 5:49:17 PM PST by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: Kaslin
Sometimes bonus are contract related, if your group meets it's numbers, you get your bonus. My former company had two part system, a business area bonus and a corporate goal bonus.

So whose belief is it we should let the likes of hair plugs determine what the private sector does. That's what shareholders are for.

Maybe the entrepreneurs should meet up at Galt’s Gulch for cocktails.

3 posted on 01/30/2009 5:49:28 PM PST by Tarpon (America's first principles, freedom, liberty, market economy and self-reliance will never fail.)
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To: Kaslin

Capitalism is the only economic system that buttresses individual rights. Biden is dumber than he looks. The Haavaad educated, light-weight-socialist, propagandists-created, king-of-the-collectivists, con-man might know better but that’s not his purpose.


5 posted on 01/30/2009 5:54:48 PM PST by PGalt
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$18.4 billion in "performance" bonuses for Wall Street executives seems a tad much. President Obama called it "shameful."

Wasn't too shameful when Citigroup donated 8 million to your inauguration and then asked for my bailout money was it Obama?

8 posted on 01/30/2009 5:57:14 PM PST by MirandaRietz
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To: Kaslin

Well, what about all the banks that didn’t make subprime loans, or deal in SIVs, and never lost money in any quarter.

Surely the people who work there deserve to be rewarded - especially the high executives who decided not to participate in folly.

Many of these banks were given TARP money, even though they didn’t need it, to get interbank lending going again.


10 posted on 01/30/2009 5:58:29 PM PST by proxy_user
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To: Kaslin
Perhaps the ire is deserved. It's hard to defend Wall Street executives' pay. Last year, the Dow closed off 34%, its third-biggest loss ever, as trillions in wealth evaporated. And financial companies lost nearly $50 billion for their shareholders.

Yet executives gave themselves hefty bonuses, claiming they had to do so in order to keep talented people.

This reminds me of a story from "Reminiscences of a Stock Operator". A couple of traders got a tip on a stock from an elderly Wall Street guy who should have been in a position to know what he was talking about. The traders bought the stock, thinking they were going to make a good deal of money. Of course, the stock tanked, and the traders lost big. One of the fooled traders decided to send a message to the tipster calling him all sorts of names for having given a lousy tip, but the other one told him to hold off. "Why," the first trader asked. And the second trader said: "If you make the old guy mad, he won't give us any more tips!"

I would imagine that many of the folks whose investments have tanked over the past year or so wouldn't mind seeing some of these "talented" Wall Street jackasses take a hike. With talented people like that, who needs enemies?

16 posted on 01/30/2009 7:27:49 PM PST by snarks_when_bored
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To: Kaslin
We have to admit: For an industry that posted enormous losses in 2009

Damn, a whole year just ripped by, that was pretty fast!!

Cannot do anything but a writer so out of touch he doesn't know what year it is. LOL

17 posted on 01/30/2009 7:59:46 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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