Friday, Oct 16, 2009

Features a pic of flashman and bob1

The Telegraph: The return of the bonus bonanza for bankers

A year ago, the financial system was in meltdown and bankers were the villains of the piece. So how can it be that Goldman Sachs and JP Morgan now have billions to pay out in salaries and bonuses? Edmund Conway explains.

Posted by devo @ 08:15 PM (992 views)
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1. letthemfall said...

Which is which? bob1 hasn't appeared here for a long time!

Friday, October 16, 2009 08:58PM Report Comment

2. devo said...

"People have to wake up and soon to this financial criminal banking cartel."

They will.

Desperation provides a keen sense of focus.

Friday, October 16, 2009 09:13PM Report Comment

3. devo said...

Some great comments...

Bankers are now so far removed from reality and their moral compass is so wrong that nothing can even make them consider the fact they dont deserve their bonus.

People; Awake From Thy Slumber!

Friday, October 16, 2009 09:31PM Report Comment

4. letthemfall said...

A clear article about the problem. The final paragraph sums it up. If there was ever a clear case for a windfall tax, this is it.

Friday, October 16, 2009 10:12PM Report Comment

5. devo said...

Windfalls are for for apple pies.

Leave the banks to their own devices and see how they fare.

Stop QE NOW.

Stop bailouts. NOW.

Payback our money. NOW.

..... I'm waiting.

Friday, October 16, 2009 10:21PM Report Comment

6. devo said...

No response, positive or negative, to last week's 'old school' links.

Perhaps this hits the mark?

Young MC - Know How

Friday, October 16, 2009 10:42PM Report Comment

7. devo said...

Tough crowd.

I defy you not to enjoy this...

Friday, October 16, 2009 11:06PM Report Comment

8. Roomelephant said...

comment to follow

Saturday, October 17, 2009 01:31PM Report Comment

9. Roomelephant said...

I think bankers and their ilk are receiving the wages of a simple fraud. Any child in the world that's ever played with a karaoke machine knows what happens when the microphone is brought too close to the speaker. The GCSE-level mathematics behind this GCSE-level physical phenomenon are identical to what happens when a laudable fractional reserve banking system, with a loan-to-deposit ratio of less than 100%, is corrupted to a criminal pyramid scheme, with a loan-to-deposit ratio above 100%.

It is inconceivable (to me) that the sophisticates running our financial system were, and are, not aware of what they were, and are doing. Which poses a fundamental question; did they know what they are doing, or didn't they? It doesn't look good either way.

For my own part, I am certain that Greg Pytel is correct in his analysis and urge readers of this website to read his work.

Saturday, October 17, 2009 02:04PM Report Comment

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