Goldman execs got 39 billion in bonuses last year, Waren Buffet bailed it out with 5 billion? Somethin dont look right. (Congress, Mexican)

[freefall]

Goldman execs got 39 billion in bonuses last year, Waren Buffet bailed it out with 5 billion? Somethin dont look right.

[Ellie C.]

He didn't bail it out. He purchased $5 billion in shares at a rock bottom price, and said he would ride out the crisis. He did the same with GE. It wasn't charity; it was an investment.

[floridasandy]

on october 7 warren buffett said this:

And Buffett acknowledged to CNBC that if Congress doesn't approve the bailout plan soon, then "I will have done some dumb things."

it looks like things worked out better for mr. buffett with the bailout.

[freefall]

Originally Posted by Ellie C.

He didn't bail it out. He purchased $5 billion in shares at a rock bottom price, and said he would ride out the crisis. He did the same with GE. It wasn't charity; it was an investment.

The taxpayer will return him back 70 billion on his 'investment', and the executives will get another 50

[GOPATTA2D]

Originally Posted by freefall

Goldman execs got 39 billion in bonuses last year, Waren Buffet bailed it out with 5 billion? Somethin dont look right.

This is false. They made millions - many millions, but not $39 billion.

You are posting false statements. Go here:

www.sec.gov

Search for filers. Download a full 10-K or 14/A proxy statement for Goldman.

Not even CLOSE to $39 billion. You are either ignorant or deliberately posting false information. Maybe even both.

[freefall]

Originally Posted by NewMexicanRepublican

This is false. They made millions - many millions, but not $39 billion.

You are posting false statements. Go here:

www.sec.gov

Search for filers. Download a full 10-K or 14/A proxy statement for Goldman.

Not even CLOSE to $39 billion. You are either ignorant or deliberately posting false information. Maybe even both.

Ok, the 39 billion was for the top 5, and 17 billion just for Goldman, feel better?

In 2007, Wall Street's five biggest firms -- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley -- paid a record $39 billion in bonuses to themselves.

Political Punch

Even though Goldman is paying out a colossal $17 billion of that, the bulk of the industry’s bonus pool still will come from the likes of Merrill Lynch and Bear Stearns, which haven’t fared quite as well as Goldman this year.

Deal Journal - WSJ.com : Goldman's Bonus Scale Busting

[ZGACK]

In 2007, Wall Street's five biggest firms -- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley -- paid a record $39 billion in bonuses to themselves.

I have NO problem with this but pray tell, form those all frothy with outrage, what should they have been paid?

[freefall]

Originally Posted by zgack

i have no problem with this but pray tell, form those all frothy with outrage, what should they have been paid?

zero to negative