Did $1 Trillion losses in financials go to...?

Discussion in 'Wall St. News' started by WaveStrider, Jul 7, 2008.

  1. http://biz.yahoo.com/ap/080707/financial_losses.html

    "NEW YORK -- U.S. financial companies have lost more than $1 trillion in value this year, and yet another decline on Monday shows concerns aren't going away soon."

    Bonus pay for execs? Or did they all take cuts in bonus and pay in 2007 - 2008??:p
  2. SOMEONE has to fund the war. what? you think money grows on trees in camps? go read history
  3. Executives taking cut from their bonus? Never. Let's look at the scenarios: If company make money, they rewarded themselves handsomely. If company loss money, they lay off a lot of people, which save company money. They reward themselves handsomely.

  4. Hmmmm...banks balance sheets are in trouble and you suddenly see super spikes in sleepy (and not so sleepy) commodities?

    Those guys and gals in the commodities section are either working overtime or getting fired for what nervous exec's are calling 'underperformance'.