Obama calls $18B in Wall St. bonuses 'shameful' - Chicagoland Sportbikes
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post #1 of 82 (permalink) Old 01-29-2009, 08:23 PM Thread Starter
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Obama calls $18B in Wall St. bonuses 'shameful'

and i agree! wtf these people fucked us all enough!

http://news.yahoo.com/s/ap/20090129/.../obama_bonuses



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post #2 of 82 (permalink) Old 01-29-2009, 08:31 PM
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Good someone needs to call out these ass clowns.

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post #3 of 82 (permalink) Old 01-29-2009, 08:33 PM
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good someone needs to call out these ass clowns.
+1

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post #4 of 82 (permalink) Old 01-29-2009, 08:35 PM
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At least he's doing some things right:

Quote:
Obama Officials Tell Citibank To Ditch Plans For $50 Million Private Jet
http://www.huffingtonpost.com/2009/0..._n_161202.html

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post #5 of 82 (permalink) Old 01-29-2009, 10:03 PM
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About time someone at the top calls them on their shit. For too long the people who ran the markets took credit during the good times and were never called out on their bad times/moves.

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post #6 of 82 (permalink) Old 01-29-2009, 10:12 PM
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I love how that news article says, "obama says no"

and belowit from, "aroundthe web" says

"citi buys 50m jet"

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post #7 of 82 (permalink) Old 01-29-2009, 10:34 PM
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I like a lot about him, I've made it no secret that as a small biz owner any Dem scares me but I like the guy.

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post #8 of 82 (permalink) Old 01-29-2009, 10:50 PM
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Well hopefully can say tell all them guys to go fuck yourself. 6th best year wall street had and a ridiculous amount of bonuses to people fucking up. Giving em money isnt gonna do shit but continue with more of the same. I hope Obama can just tell em to go screw yourself.

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post #9 of 82 (permalink) Old 01-29-2009, 10:57 PM
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Originally Posted by FiReBReTHa View Post
I love how that news article says, "obama says no"

and belowit from, "aroundthe web" says

"citi buys 50m jet"
He hammered them for that as well.. I believe the quote was "fix it"
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post #10 of 82 (permalink) Old 01-30-2009, 11:43 AM Thread Starter
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lol i just heard that obama, might try to go after some of that bail out money to get back since none of those fuckers used it correctly.



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post #11 of 82 (permalink) Old 01-30-2009, 11:44 AM
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lol i just heard that obama, might try to go after some of that bail out money to get back since none of those fuckers used it correctly.
That'd be sweet. Where is Meuler to defend them?
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post #12 of 82 (permalink) Old 01-30-2009, 11:47 AM
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is there a list of the people / companies / bonuses ?

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post #13 of 82 (permalink) Old 01-30-2009, 11:48 AM
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Id rather they receive than those that dont even pay taxes.
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post #14 of 82 (permalink) Old 01-30-2009, 11:51 AM
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post #15 of 82 (permalink) Old 01-30-2009, 11:55 AM
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Saying stuff and taking action are two different things. Unfortunately most politicians are very good at saying and promising stuff but rarely follow through with action. If Obama does follow though he will be my new hero!!
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post #16 of 82 (permalink) Old 01-30-2009, 11:56 AM
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Id rather they receive than those that dont even pay taxes.
People who don't/can't work? Or people who cheat on their taxes?


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post #17 of 82 (permalink) Old 01-30-2009, 11:57 AM Thread Starter
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Saying stuff and taking action are two different things. Unfortunately most politicians are very good at saying and promising stuff but rarely follow through with action. If Obama does follow though he will be my new hero!!
just the fact he is saying the shit and making it head news with it shows how down to earth this guy is. "i am starting to like him"

btw it was obamas administration that said that



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post #18 of 82 (permalink) Old 01-30-2009, 12:02 PM
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post #19 of 82 (permalink) Old 01-30-2009, 12:03 PM
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You have mismanaged your business to the point that it needs a bailout.



No bonuses.



to pay a bonus for under-performace is just not ethical.



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post #20 of 82 (permalink) Old 01-30-2009, 12:06 PM Thread Starter
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You have mismanaged your business to the point that it needs a bailout.



No bonuses.



to pay a bonus for under-performace is just not ethical.



Tom

+1

and also to increase your companies net worth? buying other companies with it? citi group trying to buy a new private jet with bail out money, and on and on and on with our tax money?


fuck you!!!



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post #21 of 82 (permalink) Old 01-30-2009, 12:13 PM
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Even if they try to spin it as a retention bonus.. to keep people to help us through these tough times...

HELLO... these are the people that MARCHED US into these times... Let the door hit them on the ass on the way out.

I find the acorn stuff kind of funny because they actually DO something w/ the money... not just give it out to employees as bonuses... God forbid they actually implement the programs to help people STAY in their homes and not be foreclosed upon.. Gosh... Darn.. Shuckies.. wasn't that the original point of the original bailout package back in October? How'd that work out giving it to the banks?

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post #22 of 82 (permalink) Old 01-30-2009, 12:16 PM
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That'd be sweet. Where is Meuler to defend them?
ha...funny. If they didn't perform they don't deserve the bonus. That's the way it works on Wall Street.

I do think that $18b is an inflated number though. Some people who performed well deserve bonuses. they earned it. If they NEEDED TARP $$$ the execs shouldn't get bonuses. Some banks were forced to take TARP $$$ though. That's a grey area. If they were forced I don't believe the government has any business dictating what they give out for bonuses. I believe some of that $18b is accounted for in there, but I'm not positive how they came up with that number.

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post #23 of 82 (permalink) Old 01-30-2009, 12:19 PM Thread Starter
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ha...funny. If they didn't perform they don't deserve the bonus. That's the way it works on Wall Street.

I do think that $18b is an inflated number though. Some people who performed well deserve bonuses. they earned it. If they NEEDED TARP $$$ the execs shouldn't get bonuses. Some banks were forced to take TARP $$$ though. That's a grey area. If they were forced I don't believe the government has any business dictating what they give out for bonuses. I believe some of that $18b is accounted for in there, but I'm not positive how they came up with that number.
i got there bonuses



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post #24 of 82 (permalink) Old 01-30-2009, 12:21 PM
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i got there bonuses
It's pronounced:

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post #25 of 82 (permalink) Old 01-30-2009, 12:25 PM
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I did hear on the radio this morning that it is a stretch to be calling ALL of this money a bonus. Many of these people are on a commission, and much of this money is the commission they would have been due whether the company was bailed out or not, right or wrong.
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post #26 of 82 (permalink) Old 01-30-2009, 12:27 PM
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I did hear on the radio this morning that it is a stretch to be calling ALL of this money a bonus. Many of these people are on a commission, and much of this money is the commission they would have been due whether the company was bailed out or not, right or wrong.
A lot of bonuses are structured specifically on performance. They have to pay it if individuals met specific goals. If they don't there's no reason to work.

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post #27 of 82 (permalink) Old 01-30-2009, 12:29 PM Thread Starter
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A lot of bonuses are structured specifically on performance. They have to pay it if individuals met specific goals. If they don't there's no reason to work.
a bonus is a bonus
hourly wage is hourly wage
commission is commission.

the structure is fucked if your gonna tell me they pay you guys shit, and give your main money in a bonus form by performance.



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post #28 of 82 (permalink) Old 01-30-2009, 12:29 PM
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BTW........how much did Obama cost the taxpayers on his Inauguration?
His party here in Chicago after election?

You want to talk about shamefull?

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post #29 of 82 (permalink) Old 01-30-2009, 12:30 PM Thread Starter
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BTW........how much did Obama cost the taxpayers on his Inauguration?
His party here in Chicago after election?

You want to talk about shamefull?
i agree on that one too!



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post #30 of 82 (permalink) Old 01-30-2009, 12:32 PM
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a bonus is a bonus
hourly wage is hourly wage
commission is commission.

the structure is fucked if your gonna tell me they pay you guys shit, and give your main money in a bonus form by performance.
I don't expect you to understand. Not everyone makes money by the hour. Some of us make a small salary and then get paid on our performance. Some of that is structured and spelled out to us in our compensation packages. We perform we deserve what we agreed to, just like if you work 8 hours you deserve to get paid 8 hours

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