...Morgan Stanley’s recent dictum capping cash bonuses at $125,000. In response to that, Sherman quotes an unnamed banker:
"After tax, that’s like, what, $75,000?" an investment banker at a rival firm said as he contemplated Morgan Stanley’s decision. He ran the numbers, modeling the implications. "I’m not married and I take the subway and I watch what I spend very carefully. But my girlfriend likes to eat good food. It all adds up really quick. A taxi here, another taxi there. I just bought an apartment, so now I have a big old mortgage bill."
My heart bleeds
Read more here.
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Thursday, February 09, 2012
Tuesday, October 04, 2011
Occupy Wall Street protesters don't need FOX News to get their message out
FOX declined to air this....gee I wonder why.
Wednesday, July 13, 2011
Actual people in charge send warning to psychotic Republicans
Ratings agency Moody's has warned it may cut the US AAA debt rating because it is increasingly likely its debt ceiling will not be raised in time to avoid a default.
It has placed the US on a downgrade watch, saying the likelihood of a default was "low" but not "de minimis".
Federal Reserve head Ben Bernanke said earlier a default would send shockwaves through the entire financial system.
Read more here.
It has placed the US on a downgrade watch, saying the likelihood of a default was "low" but not "de minimis".
Federal Reserve head Ben Bernanke said earlier a default would send shockwaves through the entire financial system.
Read more here.
Saturday, February 21, 2009
Thursday, February 12, 2009
Lawmakers' Goal to Cap Executive Pay Meets Resistance
No, really?
Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise stimulus bill.
Provisions to impose a penalty on banks that paid hefty bonuses and to cap pay at $400,000 for all employees at firms applying for additional government funds did not survive the compromise, sources said.
The situation was in flux last night, but provisions in the Senate bill that called for a ban on bonuses for all companies receiving government funds also appeared to be headed to the chopping block, congressional sources said.
Read more here.
Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise stimulus bill.
Provisions to impose a penalty on banks that paid hefty bonuses and to cap pay at $400,000 for all employees at firms applying for additional government funds did not survive the compromise, sources said.
The situation was in flux last night, but provisions in the Senate bill that called for a ban on bonuses for all companies receiving government funds also appeared to be headed to the chopping block, congressional sources said.
Read more here.
Monday, November 24, 2008
Wednesday, September 24, 2008
Fuck not with a Conservative's money
Seems conservatives in the U.S. are *just* waking up to the fact that the current incarnation of the Republican party many have gone a teensy bit too far in their power grab.
Touch a conservative's money, and hell hath no fury.
Single funniest blog post I ever read
I wrote earlier today about the sudden right-wing resistance to vast executive authority that has emerged in opposition to the Paulson plan, but still, this post from Ed Morrissey at Michelle Malkin's Hot Air -- full-fledged advocates of every last expansion of unfettered executive power over the last eight years -- is just so exquisite, so perfectly constructed, so unbearably hilarious, that it really expands the definition of "self-satire" and demanded its own featured space:
The crux of the [Right's] skepticism over the plan comes from an absurd protocol at the heart of it. It makes Henry Paulson a de facto financial czar, in charge of potentially a trillion dollars in taxpayer money with no accountability whatsoever for his actions...
Read more here.
Touch a conservative's money, and hell hath no fury.
Single funniest blog post I ever read
I wrote earlier today about the sudden right-wing resistance to vast executive authority that has emerged in opposition to the Paulson plan, but still, this post from Ed Morrissey at Michelle Malkin's Hot Air -- full-fledged advocates of every last expansion of unfettered executive power over the last eight years -- is just so exquisite, so perfectly constructed, so unbearably hilarious, that it really expands the definition of "self-satire" and demanded its own featured space:
The crux of the [Right's] skepticism over the plan comes from an absurd protocol at the heart of it. It makes Henry Paulson a de facto financial czar, in charge of potentially a trillion dollars in taxpayer money with no accountability whatsoever for his actions...
Read more here.
Tuesday, September 23, 2008
Monday, September 22, 2008
Can they do that?
Tucked away in the U.S. bail out of Wall Street is this little gem...
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Read more here.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
Read more here.
Subscribe to:
Posts (Atom)
