Sure why not reward liars. Can you imagine if they had to make an honest return hahahaha boy thatâs funny.
Why would anyone in their right mind defend paying such extravagant bonuses based on revenues and not net income? You work for GS? Congrats.
That was the chant, were not giving these banks this money and they keep making mega bucks. Paulson and Bernake screwed the tax payers.
Did you even read what he said? It was not that complicated. Goldman's financial statements are pure fiction. But regardless, if they are doing so great, why do they need bailout money? If they have so much money & capital to pay their bonuses and then some, why did they need to be converted to money banking centers which gives them access to additional liquidity via the Fed? Why the Buffet liquidity investment? Forced down 9 banks, lol, that's funny. Yeah, their own boy Paulson, who is a bigtime shareholder, is forcing this on Goldman while hiring another Goldman boy to run the operation. Hilarious. I don't see Goldman saying ANYWHERE that they don't need the bailout money, in fact, quite the opposite.
LOL, Daal does work for Goldman. He is the shmuck in compliance who spends every moment he can sucking up to the execs. I hear on occasion late at night, he does some real sucking.
What I like is how the banks said they were forced to take the money. Man is that great cover or what. That way no one looks weak, and Hank Paulson kept his firm out of BK.
I'm not even interested in GS nor I hold any shares. I'm more interested on how people completly overreact when it comes to people with higher pay than them. Americans like to rip on muslims irrationality but if it were legal to stone high income earners or bankers to death, that would be the US fastest growing sport
absurd bonuses and salaries are the problem of the shareholders, but when bailout ( taxpayer ) money is involved of course there will be an outrage ( higher income is irrelavent ) ....I'd be just as pissed at Joe the mechanic trying to fuck me the extra 2 hr's of labor or the part I never needed.... I couldnt care less that A-rod gets paid $25,000,000 a year....so long as I dont have to pay for the new stadium....
Maybe they really were forced to take the money. But did anyone force them to request a charter change and give up i-bank status? Bonuses and dividends will be paid because they are a big part of executive compensation - and no executive will volunteer for an income cut. The question is not how big those salaries and bonuses are, but did they earn them by performance. Or is it like climbing the Politburo and you get to eat caviar and drink vodka no matter what.
Private enterprise is allowed to make mistakes and waste money, and when they do that THEY GO FUCKING BROKE, they don't come and ask for a multitrillion dollar bailout (anyone who thinks $700billion is the real number is a retard). When I go to the bank for a loan the bank has the right to put conditions on the loan.