Courtesy of NYT
>
Source:
On Wall Street, Bonuses, Not Profits, Were Real
LOUISE STORY
NYT, December 17, 2008
http://www.nytimes.com/2008/12/18/business/18pay.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
read more »
Tweet
Facebook
Reddit
Digg this!
December 18th, 2008 at 11:47 am
Sweet deal for Dow Kim. Enough $$$ to live off for the rest of his life by committing fraud. It’s like making that big cocaine deal – except in the bank executive ass-kissing culture of America (by politicians and the public at large) he will get away with it. It’s another sad confirmation of the collapse of America where schemers and frauds in the finance world are rewarded for contributing nothing to the economy at large.
December 18th, 2008 at 12:37 pm
Such a clear case of “follow-the-money” and still so many don’t understand why this debacle happened.