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Old 10-31-2008, 09:38 AM
 
Location: Great State of Texas
86,067 posts, read 78,562,612 times
Reputation: 27667

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Well..at least we should be relieved that our bailout of Goldman Sachs will keep the partners in status quo with getting their yearly bonus money.

Geeze..just think of what could have happened if they didn't get that bonus check ? This alone could have caused a global crisis !

Taken from UK because you don't find this kind of stuff here in the US..it would make us upset.

Goldman Sachs ready to hand out £7BILLION salary and bonus package... after its £6bn bail-out | Mail Online
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Old 10-31-2008, 10:01 AM
 
Location: Oz
329 posts, read 1,188,219 times
Reputation: 200
That is just ridiculous! I don't know who these top execs can take this money and feel good knowing how high on the hog they are living while others are laid off and struggling! Obviously, it doesn't affect them - yet..........and they wonder why the economy is struggling. The rich are getting rich and the poor are getting poorer
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Old 10-31-2008, 10:32 AM
 
Location: Chino, CA
1,458 posts, read 3,099,984 times
Reputation: 555
Blah, it's ok, they'll finance their bonuses by laying off the plebes.

Goldman Sachs to sack 10 per cent of workforce • The Register

-chuck22b
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Old 10-31-2008, 11:20 AM
 
48,507 posts, read 90,462,076 times
Reputation: 18204
I really wander if you also refuse a stimlus check when it is being borrowed by the government and addss to the deficit? Most bonuses are part of a contract and based on the year befores performance of profits.
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Old 10-31-2008, 11:29 AM
 
Location: Great State of Texas
86,067 posts, read 78,562,612 times
Reputation: 27667
Quote:
Originally Posted by texdav View Post
I really wander if you also refuse a stimlus check when it is being borrowed by the government and addss to the deficit? Most bonuses are part of a contract and based on the year befores performance of profits.
Yes..and what do you think the 2008 profits will be for Goldman Sachs ?
In the positive territory ?
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Old 10-31-2008, 11:59 AM
 
Location: Chino, CA
1,458 posts, read 3,099,984 times
Reputation: 555
Quote:
Originally Posted by HappyTexan View Post
Yes..and what do you think the 2008 profits will be for Goldman Sachs ?
In the positive territory ?
Maybe... if they lay off more people they'll show profits this year and get more bonuses! I mean, after awhile these guys can just leave their posts and milk millions - leaving the collapse to the "fall" guy. Besides, 2003-2007 profits were all fake anyways. I guess everybody should get bonuses for cooking the books too

Hmm... how can I cook my books to show zero income... to get taxed less or pay no taxes AND to get government handouts?

As it is, there's really no incentive to play by the rules. The big boys just have better tricksters and spin doctors (oh yea, we're doing fine, Goldman Saches.. we're the best firm out there... and then they lay off 10% of their workforce and make Huge write-downs), the law, and lobbyists.

I don't know about most of you... but I'm getting pretty fed up.

-chuck22b
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Old 10-31-2008, 12:01 PM
 
12,869 posts, read 13,952,852 times
Reputation: 4453
the big boys also have a potential future president in their pocket so that is certainly bad news for taxpayers. i didn't even realize that the governor of new jersey used to be the CEO of goldman sachs. i am starting to think that pretty soon the average taxpayer is not going to want to play by the rules either.
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Old 10-31-2008, 12:11 PM
 
Location: Chino, CA
1,458 posts, read 3,099,984 times
Reputation: 555
Quote:
Originally Posted by floridasandy View Post
the big boys also have a potential future president in their pocket so that is certainly bad news for taxpayers. i didn't even realize that the governor of new jersey used to be the CEO of goldman sachs. i am starting to think that pretty soon the average taxpayer is not going to want to play by the rules either.
Not to mention the guy in charge of the 700 billion bailout was from Goldman Sachs - Neel Kashkari, and Paulson of course as well.

Sadly, the system is geared for the big boys... pay no taxes... have your wages or bank accounts garnished. Possibly thrown in jail. Man... is it frustrating.... this game is definitely rigged.

How do the middle class... plebes play this game?

-chuck22b
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