This is just a statement of prioritizing the personal interests. This is an irritating thing for those who wanted to at least be given right benefits. Well, not a new thng because these companies wanted to survive in the way they wanted. Foreclosure is a source of great shame and emotional turmoil for the average person, but for the richest of the rich it's called strategic default. The consequences for defaulting on a mortgage were the same for the rich; Morgan Stanley would have been virtually busted out of business when they recently defaulted on secured loans on commercial properties. This is yet another indicator that there are rules for the rest of us, and rules for the upper 10%. One seems to recall an elected official promised to bring change - meet the new boss, the same as the old boss, and we were fooled again.
Wall Street Pay Soars Thanks to Your Bailout Dollars
Categories: Banking Invest Wisely
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Just months after being bailed out with YOUR tax dollars, Wall Street is already back to their old tricks.
Across Wall St., firms are handing out huge bonuses and increasing salaries--and it's downright shameful!
Goldman Sachs took our free, or nearly free, bailout money, got rescued from a possible meltdown, and then happily handed out a stunning $11.4 BILLION in bonuses in the first six months of this year on the heels of reporting a whopping $3.44 billion in profits in the June quarter.
Even though Morgan Stanley lost more than $1 billion this quarter, it has still set aside $6 billion for employee compensation.
The top 6 banks plan to pay their employees $74 billion, up from $60 a year ago. Do you know of any other industry seeing massive pay raises?
So nice to see Wall Street fat cats being the one major beneficiary of Washington's financial largesse with OUR tax dollars, isn't it?!
Fat cats get millions while millions of hard-working Americans are barely getting by, losing their homes, sitting on huge investment losses.
With billions of dollars flying out of the Treasury to some fat cats who screwed up their companies so badly that they had to be saved with our dollars..."where's OUR share ?" millions of Americans are asking.
Where is OUR share of that bonus pool?
Where is OUR home in the Hamptons with a docked yacht in the backyard?
Where is restitution for the incredible losses they created for millions of Americans?
If you own a small business or need a loan, just try to get a loan from banks that are scared to death to loan to almost anyone.
Just try and get a mortgage, let alone a mortgage at a decent rate, even if you have good credit!
Washington bailed out Wall Street but those of us on Main Street got hosed!
We're on our own my friend. Make sure you have our top strategies for how to thrive and survive despite this economy.



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