Wall Street bonuses jumped 17 percent last year

Comments (24)
plubber wrote:

Hehehe. Amazing! The profits they are making are not even organic. Hehehe.
The bonuses are just bailout funds squirted down a siphon and re-tagged. Hehehe. F***G funny.
Straight from main streets backyard. Hehehe.

Feb 23, 2010 8:27am EST  --  Report as abuse
yourdailypill wrote:

they have to be kidding me…

Feb 23, 2010 9:00am EST  --  Report as abuse
socrates1744 wrote:

31%? I must have missed the memo. I hope main street realizes that the larger % of people working for these companies are not making these kinds of bonuses.

Feb 23, 2010 9:14am EST  --  Report as abuse
bibousa wrote:

CHANGE WE CAN BELIEVE IN???????

Feb 23, 2010 10:30am EST  --  Report as abuse
dpark08w wrote:

Private enterprise is not allowed to have bonuses because the Public employee unions need those dollars for their bonuses.

Feb 23, 2010 11:34am EST  --  Report as abuse
Steveco1 wrote:

Impeach the liar!

Feb 23, 2010 11:52am EST  --  Report as abuse
ThePilot wrote:

We already voted out the liar… how can we impeach him now? Though it might not hurt to prosecute him for past crimes.

Feb 23, 2010 12:27pm EST  --  Report as abuse
feudi wrote:

No suprise here. After all, a tax cheat is in charge of our money.

Feb 23, 2010 12:32pm EST  --  Report as abuse
nlbc4ever wrote:

Right from main streets backyard. Its absolutely DISGUSTING. I just hope all the crooks, inside traders, politicians – you all get caught and get what you so deserve. Corruption has run rampid in this country.

Feb 23, 2010 12:40pm EST  --  Report as abuse
WildTurkey wrote:

These people are sociopaths. They have no idea what it’s like to be an average American, nor do they care.

They have no loyalty to the United States of America. They are, quite literally, treasonous sabateurs. Everyone knows this.

The Government does nothing. More than half are on the take.

The only question that remains is; “is this simply the sum of many people engaging in faulty, and short-sited schemes, or is this a series of events intended to deliberately drain all wealth from the public?

These evil practices must end, one way or another. Redemption or disaster.

If these executive types think that the people in this country will let them get away with this, they are more detatched than I thought.

When enough people are poor enough, when enough people lose familly beacause they can’t subsist, because they can’t pay insurance premiums, when enough people lose their homes, they will find who is to blame.

It’s not like they don’t know EXACTLY who these people are.

Feb 23, 2010 12:46pm EST  --  Report as abuse
MekhongKurt wrote:

I’ve gotten a few lines into typing a comment twice now — only to have the text vanish. What gives???

Feb 23, 2010 12:47pm EST  --  Report as abuse
MekhongKurt wrote:

ThePilot, without regard to my personal view of your recommendation, you raise two interesting legal questions (though the answers may be well-known to one and all except me): *can* an ex-President be prosecuted for his actions as President other than in the context of impeachment — and can an EX-President be “recalled to active duty,” so to speak, for impeachment proceedings, or does the statue of limitations [again, so to speak] run out the second he hands over the Presidency to his successor?

In any case, I thought this story was about bonuses on Wall Street — not the President, Congress, or anyone else in Washington, didn’t you?

Feb 23, 2010 1:03pm EST  --  Report as abuse
andrewhorning wrote:

Well, we’ve been voting for this with a 98% reelection rate. We swap Democrats for Republicans, then Republicans for Democrats without ever asking any serious questions, without reading the constitutions we’ve thrown aside, and without ever learning as much about the process and people as we know about football.
What’ya expect? It won’t get better until we do.

Feb 23, 2010 1:08pm EST  --  Report as abuse
xuxogarcia wrote:

gotta love this CHANGE

Feb 23, 2010 3:51pm EST  --  Report as abuse
jstaf wrote:

This isn’t a political problem folks, the bankers have taken over and you can throw anyone in and out of office you want but you will still have Bankers stealing your money.

Obama wants regulations on this BS “business” that is really a casino using our money.

Reagan opened the door and no one has been able to close it since, support regulations on banks and limits on tax payer bail outs.

Feb 23, 2010 3:52pm EST  --  Report as abuse
lah9999 wrote:

My family members have either been out of work for over two years, just lost their jobs, or graduated from college and cannot find work. It’s hard to read this and not feel depressed. It does seem that nothing is changing.

http://graciouslivingdaybyday.com/

Feb 23, 2010 4:00pm EST  --  Report as abuse
edeu wrote:

Absolutly disgusting.
My biggest (and maybe yours too) is how can we take that money back and put it where it belongs? How can we punish the people that are responsible for these practices and receive these bonuses?
It would be great to see a special regarding that on the news..hint hint.
If you have any ideas, please post them, I am sure people would love to hear them.

Feb 23, 2010 4:27pm EST  --  Report as abuse

Wall Street will always be corrupt and always try to go around the system. This is their job, there shareholders demand it, their clients demand outsize returns. They pay top lobbyists to shape regulation to their advantage. They pay top lawyers to defend them when they get in trouble. I really don’t see any difference as time moves on. I really can’t fault these guys for taking every advantage they can. I frankly think that banking system need to get some bailout back in December of 2008, the alternative would been a outright depression, but what might have been can be argued all day. Whenever something is done by humans there is a tendency to overshoot. This what happened should tarp money been given to Goldman Sachs I would say no….. to BOA probably, how many people do you have accounts at Goldman….some rich guys in conneticut…noboby I know. Frankly, all this is going to push all investment banking and risk taking underground back to where it always was in private companies. You don’t really have to report bonuses you hand out if you are a private company. Goldman only went public in 1999 after 130 years private. Glass Steagal repeal in 1997 remarkably close to 1999 forced them to fight along side large banks so they had go public to get access to the capital that the big banks had in order to compete.

Feb 23, 2010 5:01pm EST  --  Report as abuse

I hope they all sent thank you cards to Alan Greenspan for helping them out.

Feb 23, 2010 5:03pm EST  --  Report as abuse

Wall Street will always be corrupt and always try to go around the system. This is their job, there shareholders demand it, their clients demand outsize returns. They pay top lobbyists to shape regulation to their advantage. They pay top lawyers to defend them when they get in trouble. I really don’t see any difference as time moves on. I really can’t fault these guys for taking every advantage they can. I frankly think that banking system need to get some bailout back in December of 2008, the alternative would been a outright depression, but what might have been can be argued all day. Whenever something is done by humans there is a tendency to overshoot. This what happened should tarp money been given to Goldman Sachs I would say no….. to BOA probably, how many people do you have accounts at Goldman….some rich guys in conneticut…noboby I know. Frankly, all this is going to push all investment banking and risk taking underground back to where it always was in private companies. You don’t really have to report bonuses you hand out if you are a private company. Goldman only went public in 1999 after 130 years private. Glass Steagal repeal in 1997 remarkably close to 1999 forced them to fight along side large banks so they had go public to get access to the capital that the big banks had in order to compete.

Feb 23, 2010 5:09pm EST  --  Report as abuse
muchstardude wrote:

No shocker here. If you have a job, you are scared to death of losing it. If you are unemployed, you’re facing 25% real unemployment. I work for http://storyburn.com, and I can see why folks are pulling their hair out over the temp job being the new full time job, China stealing our mojo, Wall Street bonuses at record highs, and people taking a 10% paycut and asked to work unpaid overtime. We have the most read home foreclosure story as well as several job hunting stories

Feb 23, 2010 6:14pm EST  --  Report as abuse
Squeakywheel wrote:

How about President Obama’s $1.9 million book deal? And Hillary’s $8 million book deal? They should have to return this too. Afterall, these were written while they were in office and should have been working for the American taxpayer.

Feb 23, 2010 6:19pm EST  --  Report as abuse
SeaWa wrote:

If this were about a corporation in our capitalistic system, as a customer, I would shop elsewhere. However, how do you do that with Wall Street institutions? I think that the virus has attacked the very heart of capitalism, and there’s nothing to be done except hope it dissipates or learns to live peacefully with the host.

Feb 23, 2010 9:11pm EST  --  Report as abuse
Rick1222 wrote:

Great, first I take a 10% pay cut, then get laid off, and these guys get bonuses, and they already make more than the average worker.

I remember when I graduated from college and bankers were ridiculed because they got paid in titles and not money.

Feb 24, 2010 10:17am EST  --  Report as abuse
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