Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year

Washington Post:

Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives.

The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months.

Read the whole story: Washington Post

Comments

[GoldsteinD]

yep, just keep that corporate welfare coming Obama

[mytradingg]

For a more perfect unions we must have:

Jobs,job securi.ty, job benefits, universal pre school-K.12, housing, affordable college education affordable health are that doesn't ban.krupt sic.k families

good articles; http://ow.ly/dmzm

a better society is one that creates opportunity

[PoliticiansRspineless]

Wall Street and the Fed Govt both borrowing $$$ and the US tax payer will be left with the bill at the end of this date.
TARP has spent $160MM for 30M jobs...great results.....
Cannot wait to see the true bill for Health care reform.....

Keep up the great work Washington!

[samaire]

Stand up to these jerks and dont back down. We are a nation of greed. Enough is enough.

[NORBIT]

It's very simple:

The financial industry's responsibility is to steward capital to the economy-at-large; that is their function in a capitalist society.

They are not entitled to usurp that capital in the form of self-determined fees and commisions in order to engorge their own net worths!

The US Government creates and backs the 'product' the financial industry represents, therefore the US Government has both the right and obligation to determine the entire financial sector's compensation!


The Goldman Sachs' of this world aren't going to like it much, but their "free-market" sophistry can no longer stand up to REASON!

[nThenwhat]

THEY'RE SIMPLY RANCHING ... maximizing their return ... and we are the cattle.
Domination / extermination is a process that becomes a cycle, involving Isolation and Consolidation.
Whether the target is a herd of cattle, a nation of people, a popular mindset or the many owners of something desireable, the process is the same. Isolate and consolidate ... via ... Fear based cycle of Action and Inaction

(eg. using cattle): Open range ... fenced range ... corral ... crowding pen ... cattle truck ... slaughterhouse

(eg. using people) FRIGHTEN THE PEOPLE INTO:

Action: granting governing power, then
Inaction: not challenging that power

Action: giving more power, then
Inaction: not challenging the enhanced power

Action: isolation of a portion themselves, then
Inaction: not challenging the isolation of that portion

Action: subjugation of a portion of themselves, then
Inaction: not challenging the subjugation of that portion

Action: extermination of a portion of themselves, then
Inaction: not challenging the extermination of that portion

Action: isolate another portion of themselves, then
Inaction: not challenging even as they becoming the next portion

The cycle continues UNTIL something stops it.
Presently, the people simply exist for the profit and nutrition of the Wealthy and Powerful.
The Wealthy and Powerful are RANCHING the people for profit and nutrition ... Rise up or get served up.

MOO or MOVE ... time to choose ... Inaction or REACTION ... reverse the cycle ... "EAT THE RICH" ... or at least frighten them off such practices.

[WeMustSpeakOut]

Scary as he|| and true. That is why it is so frightening.

Let's get going then. Let's do this thing!
If only I knew what to do.

[ibsteve2u]

lollll...hush money ain't cheap. Gotta buy that continued loyalty - or else.

[novoorganum]

Really--there is not much difference between the parties and its stated goals, which is to make sure the status quo is restored, and business resumes with minor adjustment here and there. The symmetry of policy is deafening to me, not sure about others. The enemy is not the radical on the left, but the moderates, who are advancing the policies of corporate welfare and bailouts. The margins are to remain there with no say about moderate driven policies

[novoorganum]

Here I go again: When the bewildered herd asks its government to do something. The conservatives and their self-entitled elite paymasters make vacuous statements like, Get a Job, Communism, Lefty, free-market, blah, blah. But, when our government acts on behalf of wall street, banks, ceo's, agro-business, private defense contractors, corporations, in the form of subsidies and bailouts; you get rationalizations. In otherwords, what they are really saying is: socialism for private wealth and power, but for you and I-- the free-market-- where if you fail, it is your own fault-- tough luck and tough love.

[spinns17]

(n america we can buy everything ,and anyone. al capone )

[wittgene]

Please Americans don‘t be fooled. Congress, The White House and MSM belong to the same organization, The Mutual Benefit Society. "Blood will run in the streets" when we Americans take the money out of politics and you must be willing to die for it! Then:

1. Mom can stay home if she wants.
2. Then I don't need my wife's income to send my son to college.
3. So I can get Arlen Specter's health insurance.
4. After my boss will pay me a livable wage.
5. And women will see the ERA pass thru Congress.
6. So I don't have to live in debt to graduate from college.
7. Then we Americans can live the "American Dream".

Or is that a balloon hoax?

[instagladiator]

Well, when you come right down to it, there are three basic groups within your society -
1. Those who ARE right
2. Those who claim to KNOW they are right
3. Those who THINK they are right

The contest is between 2. and 3., with 1. way, way behind.

[HeIsTheOne]

"Right" as in "correct"?

Or

"Right" as in "righties".

[TiffanyHusseinBanned]

RSU I'm a Fan of RSU I'm a fan of this user 89 fans permalink
I seem to rember seeing
*************

Do you remember or not?

[theMightyT]

depends on whether or not it backs up his argument.

If not, then he'll just make something up that DOES.

[lornejl]

New main !

everyone probably already knows that by now....

[GerryS]

greed is good-----

[Luv2Purple]

So why is WHITE COLLAR CRIME & THEFT not punished the same as if a poor person robbed a convenience store? These guys are CRIMINALS - why are they still holding the same jobs? They caused HUGE losses and are being rewarded? Only in america.....where's becks/hannity's outrage over this?

[hellboundtrain]

Because, they own the boys and girls on capital hill, almost each and every one.