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Wall Street Bonuses

Obama at the United Nations

Sasha Abramsky | Posted 05.25.2011 | Politics
Sasha Abramsky

Barack Obama has always been at his best when the setting enables him to explain his vision for transformative change through the use of broad historical themes and holistic analyses.

Making Bankers Wait...

Nicholas Brown | Posted 05.25.2011 | Business
Nicholas Brown

The banks have created a bonus system that encourages economy-destabilizing investment bubbles. That seems foolish. So here's a proposal: a tax cut to encourage bonus reform.

Screaming Joe Wilson: Newt Gingrich's Frankenstein

Lorelei Kelly | Posted 05.25.2011 | Politics
Lorelei Kelly

If congressional politics are inside baseball, Newt Gingrich completely upended the playing field. Joe Wilson isn't an accident, he's an outcome.

Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

Cuomo vs Bank of America: NY AG Preparing Charges Against Bank

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK (AP) -- The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's a...

Goldman Sachs Not Doing "God's Work," Says Satan

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

While Satan said he was "delighted" by the bonuses being paid out to Wall Street executives this year, he was clearly miffed that his role in the financial firms' successes had been largely ignored.

Wall Street Bonuses Were Good For State, Says Governor Paterson

New York Daily News | By Glenn Blain | Posted 05.25.2011 | New York

ALBANY - Gov. Paterson doesn't think it was such a great idea to go after all those Wall Street bonuses. Paterson Thursday took aim at a signature ...

Labor Day Special: Reward Real Work, Tax Fantasy Finance

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We fought a war of independence to free us from aristocratic rule. Now an aristocracy of wealth is taking over, again, even after we watched it wreck the entire economy.

AIG CEO: Cuomo "Unbelievably Wrong," Criminal For Going After Wall Street Bonuses

Bloomberg | Hugh Son | Posted 05.25.2011 | New York

American International Group Inc. Chief Executive Officer Robert Benmosche told employees that New York Attorney General Andrew Cuomo was "unbelievabl...

Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...

Smaller Bonuses At Goldman Sachs?: Analysts Predict Political Backlash Will Turn Tide

New York Times | Cyrus Sanati | Posted 05.25.2011 | Business

Despite the scrutiny it has drawn for setting aside nearly $11.4 billion in the first half of the year to pay its employees, Goldman Sachs is showing ...

Why White House Spokesman Robert Gibbs is Dead Wrong about Wall Street Pay

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Please someone tell me how an entire sector that is on taxpayer life-support is creating value that justifies high salaries and bonuses?

What's Wrong With Bonuses?

Adam Taylor | Posted 05.25.2011 | Business
Adam Taylor

The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.

Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

Wall Street Revives The Practice Of Offering Guaranteed Bonuses | ERIC DASH | Posted 05.25.2011 | Business

A guaranteed bonus might strike many people as a contradiction in terms. But on Wall Street, banks have become so eager to lure and keep top deal make...

Why, Yes, We Do Have to Regulate Some Executive Pay

Rob Shapiro | Posted 05.25.2011 | Business
Rob Shapiro

Ironically, the bailouts that saved us from a second Great Depression may also bolster some of the distortions that threaten to produce it. Old practices that got us into this mess still go on.

Remember That Whole Thing About Fixing Our Financial System?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.

Why Wall Street Needs Pay Limits: Financial Times Op-Ed | Lucian Bebchuk | Posted 05.25.2011 | Business

A bill requiring federal regulators to draw up rules for compensation structures in the financial sector was passed by the US House of Representatives...

Paul Krugman Voted for Bush

Pablo Triana | Posted 05.25.2011 | Business
Pablo Triana

The prospect of a Wall Street career can't be that unappealing, notwithstanding the funny looks you may receive from your cousins at the next family reunion.

Krugman: If You Aren't Outraged, You Aren't Paying Attention

New York Times | Paul Krugman | Posted 05.25.2011 | Politics

Americans are angry at Wall Street, and rightly so. First the financial industry plunged us into economic crisis, then it was bailed out at taxpayer e...

Left, Right & Center: Wall St. Bonuses, Health Care Deal, China and the Beer Summit

HuffPost Radio | Posted 05.25.2011 | Politics
HuffPost Radio

Andrew Cuomo discovered that $33 billion in bonuses were paid by Wall Street firms during the height of the meltdown and the public bailout. Where's the outrage?

AFSCME Urges Say-on-Pay for Shareholders

Gerald McEntee | Posted 05.25.2011 | Politics
Gerald McEntee

A key step to fixing our economy is making sure that the interests of shareholders and stakeholders are considered in corporate board rooms.

The "Loan Arrangers" Will Not Ride Again

Rep. Barney Frank | Posted 05.25.2011 | Politics
Rep. Barney Frank

We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.

Ah, Wall Street. Seeing The Real You at Last.

Rob Johnson | Posted 05.25.2011 | Business
Rob Johnson

Innovation simply implies the use of a new method or technique. It can be harmful or it can be helpful. Let's keep score.

Wall Street: Lessons Not Learned

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

The wonder boys and girls of Wall Street have the attention span of a flea, and that may be selling fleas short!