Other than the very top senior executives, bonuses are paid out in cash so high priced traders and Ibankers can overpay for Manhattan co-op apartments, expensive cars, and summer houses in the Hamptons. The average salary for a trader and Ibanker is $250,000 before bonus.
Sounds like he is angry that the same standard isn't applied across the board - that all the idiot home-buyers who went in over their head deserve to be hung out to dry for making such stupid decisions, and that Bear Stearns should also be left out to dry without any bailout because of their stupid decisions. It is likely the hypocrisy makes him very angry. Either that, or it's having the last name mfkertz.
Nah. I thinks he's angry cause a bunch of know nothings who haven't met up with the bus with their name on it YET, are talking trash. Some folk don't suffer fools gladly.
BSC has 14,000 employees. You would think that some of them must read and post here. I can't imagine that any of them are too happy these days.