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I heard yesterday that one of these guys is going to have to take a 50% pay cut. From $38 million all the way down to $19 million.
I wonder how he'll manage to get by?
That's not the point, Kojak. The point is we have the government running the bank.
I heard yesterday that one of these guys is going to have to take a 50% pay cut. From $38 million all the way down to $19 million.
I wonder how he'll manage to get by?
That's not the point, Kojak. The point is we have the government running the bank.
We bailed the Goddamned banks out. If they took our money, until they pay that money back, they should not be making millions. In fact, they should get no more than $250,000. When they pay the money loaned to them by the taxpayer, then they can go back to being greedy swine.
If there is any naivete it is on the part of the companies and the employees that think the federal government is going to pay their bonuses.Performance bonuses are in the contracts between the companies and their executives.What are you referring to? No one is arbitrarily voiding contracts.
You really need to throw in the towel on your faux naivete act.....It's not working anymore.
There is so much more to the bank crisis than is posted in this thread.
How about Obama's involvement going back to his ACORN days, how about the openly gay Democrat Barney Franks involvement, how about Bush jr doing the same thing Bush sr did.
You fools need to look across party lines and start focusing on politicians. The politicians are destroying the country, its not the banks, its not the corporations, its not the rich. Its the politicians.
The politicians may be bankers like Timothy Geithner, The politicians may be like Democrat Fienstien and her husband Blum's direct conflict of interest, I can go on but the point is that the problem is politicians and their power.
The entire mess our economy is in is the direct result of politicians, REPUBICLICAN and DEMOCRAT
I am conflicted on this whole subject. It seems incredibly socialist to me when pay is dictated to private firms. On the other hand, the money whores opened themselves up when they accepted the bailout. WillowTree is right in the sense there were no strings legally attached. In reality, you give a say to those that pay the bills. That was the slippery slope of socialism here in the first place.
Continued poor decision making on the part of bank executives probably will win the day.
If there is any naivete it is on the part of the companies and the employees that think the federal government is going to pay their bonuses.Performance bonuses are in the contracts between the companies and their executives.What are you referring to? No one is arbitrarily voiding contracts.
You really need to throw in the towel on your faux naivete act.....It's not working anymore.
If I took a job with one of these banks, knowing they took bailout money, I'd not be sure of what my bonus would be. But if you think they are that stupid then perhaps you should question their judgment. Not that I expect you will.
No one was forced to take the money. Or pressured. And all that wanted to pay it back paid it back. Nice lies, though, dipshit.
Not all of those companies wanted or needed the bailout money. They were pressured by Obama and his goons to take this money. This was all part of the plan so that the govt could control private financial businesses under the guise of "well they took taxpayer money so we should be able to tell them what compensation they can give. A few months ago some of the companies that wanted to pay back the TARP loan were told they could not. When it became known to the people, the govt changed their tune and allowed the payback. The CEO of Bank America that just resigned told about the business pressures he got from the govt. The administration loves to make these companies out to be the bad guys. It is a great distraction from their inability to actually get anything done that helps the USA. The same as the health reform; govt makes all these mandates on insurance companies and then wags their finger at them about rate increases which are there because of the mandates.
You have to look at the entire picture and without the partisan blinders.
Who would hire executives who presided over the smashup of their own companies' liquid profitability?
Other idiots?
yeah,, obamalama hired Bernanke
Not all of those companies wanted or needed the bailout money. They were pressured by Obama and his goons to take this money. This was all part of the plan so that the govt could control private financial businesses under the guise of "well they took taxpayer money so we should be able to tell them what compensation they can give. A few months ago some of the companies that wanted to pay back the TARP loan were told they could not. When it became known to the people, the govt changed their tune and allowed the payback. The CEO of Bank America that just resigned told about the business pressures he got from the govt. The administration loves to make these companies out to be the bad guys. It is a great distraction from their inability to actually get anything done that helps the USA. The same as the health reform; govt makes all these mandates on insurance companies and then wags their finger at them about rate increases which are there because of the mandates.
You have to look at the entire picture and without the partisan blinders.
If they didn't want the money JackoffRockit, then can you please tell me why they showed up, begged, went through Senate interviews and all that other shit?
Wasn't for the money? Then what the fuck was it for, PR?
Idiot.
Sorry the public currently owns these people's asses. Because of that these guys get to take orders from the people's representatives or their appointed stand ins. It sucks to be them under a Democratic administration. And it will suck even worse for the people of this country as under these circumstances we sure as hell aren't going to get the best and the brightest people to take on the responsibility of turning these companies around which means we will all lose when these entities finally do go belly up.
Sorry the public currently owns these people's asses. Because of that these guys get to take orders from the people's representatives or their appointed stand ins. It sucks to be them under a Democratic administration. And it will suck even worse for the people of this country as under these circumstances we sure as hell aren't going to get the best and the brightest people to take on the responsibility of turning these companies around which means we will all lose when these entities finally do go belly up.
And I suppose these overpaid bozos who ran their companies into the ground with all kinds of cockamamie investment schemes were the "best and brightest"?
