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| Goldman Sachs to Use Bailout Money For Bonuses |
| 2008-11-03 |
| As the bailout was intended to do... Oh wait... From TFA: Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out. The struggling Wall Street bank has set aside £7billion for salaries and 2008 year-end bonuses, it emerged yesterday. Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million. It's beginning to look a lot like Christmas For everyone but us. Usually you don't get bonuses if your company has to go hat in hand to the government for more money, but in this case, that was its apparent purpose The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430 billion bail-out. Comfort being the most important concept here, except for taxpayers... |
| Posted by:badanov |
| #12 Once again I would like to remind you that this was not a George W deal. This bailout was proposed by Paulson (Sherson Leaman democrat), Bernake, and Greenspan (Sherson Leaman democrat) and pushed by the democrates in both the house and the senate. Even if W would have vetoed this shit sandwich, it would have been overidden by the Senate. I could go on about Franks Dodd and Barry having a vested interest on blaiming this on W, but I need to sight in my M-4 Dissipater. |
| Posted by: bman 2008-11-03 15:19 |
| #11 thank you Geaorge W, for giving those poor banks and financial institutions money that they desperately need to keep those tropical family month long vacations on track for 2008. |
| Posted by: Ebbiger and Tenille6918 2008-11-03 14:44 |
| #10 If this story gains any traction it seems to me a simple amtter of voting with your feets, and moving the money from GM-S to 'somebody else.' even if'n its one of them do it yourself houses. works for me in a variety of industries, no reason why it can't work here. |
| Posted by: USN, Ret. 2008-11-03 14:00 |
| #9 Down peasants, down! |
| Posted by: g(r)omgoru 2008-11-03 12:42 |
| #8 and this as some in the country are trying too figure out where too live and eat. Seems real fair don't it |
| Posted by: sinse 2008-11-03 12:41 |
| #7 The real bitch is that Obamination and Company have pretty successfully managed to blame all of this on Bush and, by extension, McCain. You can count on CBS, CNN and the NYT to ignore the fact that it all started with Jimmuh Carter. But none of that matters anymore. People don't care how it happened. They probably aren't capable of understanding anyway. They don't care about Iraq, Iran or Pakistan. They don't care that Nancy Pelosi and Barack Obama voted for the bailout right along with John McCain. They're just mad as hell when they see these rich bastards lining their pockets. Bush let it happen on his watch and McCain will lose the election for it. It's all so convenient and so well timed that you have to wonder if it was a set up. Hope these bankers are happy with President Obama. |
| Posted by: Ebbang Uluque6305 2008-11-03 12:24 |
| #6 Geez, get a loan for my (overpriced) house and they know whether I prefer a KC Strip to Ribeye, government loans itself hundres of billions with no accountability. Talk about rules for thee and me. |
| Posted by: swksvolFF 2008-11-03 11:42 |
| #5 Great! I'll be able to salvage the money I lost on Christie by renting my house in Southampton for big money. |
| Posted by: Peter Cooke 2008-11-03 10:16 |
| #4 From each according to their abilities, to each... |
| Posted by: g(r)omgoru 2008-11-03 10:08 |
| #3 A wonderful goodwill gesture. I can't think of anyone LESS deserving. |
| Posted by: bigjim-ky 2008-11-03 08:24 |
| #2 Goldman Sachs, David Axelrod, Soros.... all riding in the same Amish buggy. Always have, always will. The hatless, skinny litte guy and pal of Bill Ayers is just thier designated horse holder. |
| Posted by: Besoeker 2008-11-03 08:04 |
| #1 And you wonder why these people seem to donate their pol money to the likes of the 'redistribution' candidate? It's because each lives in a artificial environment and can not grasp how things are down outside that environment. Their perspective of the 'Christmas Bonus' is one of entitlement, just as so many of those voting themselves other peoples' money view it as an entitlement. They can not, they will not view their behavior from the perspective of those literally footing the bill. |
| Posted by: Procopius2k 2008-11-03 07:43 |