Wall Street Bonuses

We Cut A Bad Deal

John K. Delaney | Posted 05.25.2011

Read More: Treasury Department, Financial Crisis, Government Bailout, Bank Bailout, Finance, Wall Street Bonuses, Business News
John K. Delaney

why am I -- like you -- unsettled by headlines that show these same firms earning record profits and paying record bonuses? Because we taxpayers don't own enough of these firms. In many instances we own nothing.

Read Post

The Housing Crisis And Wall Street Shame (Or Lack Thereof)

Robert Reich | Posted 05.25.2011

Read More: Goldman Sachs, JP Morgan, Unemployment, Robert Reich, Wall Street, Aig, Financial Crisis, Timothy Geithner, Wall Street Bonuses, Housing Crisis, Glass-Steagall, Business News
Robert Reich

Shaming Wall Street won't work. Only political muscle and courage will. Congress and the Obama administration should give homeowners the right to go to a bankruptcy judge and have their mortgages modified.

Read Post

Bernie Sanders: The Middle Class Today Is In Desperate Shape (VIDEO)

The Huffington Post | Posted 05.25.2011

Read More: Senator Sanders Unfiltered, Wall Street Executive, Wall Street, Economic Crisis, Middle Class, Vermont, Bernie Sanders Unfiltered, Financial Crisis, Bernie Sanders, Wall Street Bonuses, Sanders, Video, Politics News

Sen. Bernie Sanders (D-Vermont) was on fire in his weekly YouTube video, "Senator Sanders Unfiltered." "The reality is that the middle class today ...

Read Whole Story

Shahien Nasiripour

Obama to Push Tax On Being 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, Too Big to Fail, Wall Street Banks, Public Subsidies, Big Banks, Barack Obama, Bailout Bandits, Bailout, Wall Street, Financial Crisis, Bonuses, Wall Street Bonuses, Cost of Tbtf, Business News

President Obama will unveil on Thursday a proposed levy on the nation's biggest financial firms structured not just to repay taxpayers for the bank ba...

Read Whole Story

Goldman Sachs Shareholders Ask Bank To Cut Down HUGE Bonuses

Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs, Goldman Sachs Shareholders, Financial Reform, Alliancebernstein, Banks, Bonuses, Bank Bonuses, Wall Street Bonuses, Business News

Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...

Read Whole Story

Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 05.25.2011

Read More: Goldman Sachs, Financial Scandal, Wall Street Bonuses, Executive Compensation, Business News
Danny Schechter

In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you

Read Post

Tax Bank Bonuses and Capital Gains of Wealthy to Pay for Jobs Program

Robert Creamer | Posted 05.25.2011

Read More: Breaking News, Taxing Big Bank Bonuses, Capital Gains, Congress, Unemployment, Jobs Bill, Wall Street Bonuses, Politics News
Robert Creamer

Ronald Reagan once famously said: "When you tax something you get less of it." Precisely. America needs to tax speculation, and incentivize productive work.

Read Post

Severance Packages Provide False Sense Of Comfort

wsj.com | MARY PILON | Posted 05.25.2011

Read More: Severance Pay, Wall Street Crisis, Wall Street Bonuses, Fiscal Policy, Economic Crisis, Business News

The long-term jobless rate hits its highest point on record. More than a third of those who are out of work have been looking for more than six months...

Read Whole Story

Best and Worst Bonuses of 2009

Dan Collins | Posted 05.25.2011

Read More: Christmas Bonus, Wall Street Bailout, Year-End Bonuses, Wall Street Pay, Wall Street Bonuses, Aig Bonuses, New York News
Dan Collins

The median holiday bonus this year will only amount to about $250. Here's a list of some of the best-publicized bonuses that were given out in 2009.

Read Post

Banks' 2008 Stock Options Turning Out To Be Most Lucrative Payouts Ever

The New York Times | LOUISE STORY | Posted 05.25.2011

Read More: Recovery, Goldman Sachs, Bank of America, Economy, Lloyd Blankfein, Obama, Compensation, Tim Geithner, Wells Fargo, White House, American Express, Finance, Treasury, JPMorgan Chase, Banks, Capital One, Ken Feinberg, Wall Street, Kenneth Feinberg, Wall Street Bonuses, Executive Pay, Citigroup, Business News

Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...

Read Whole Story

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011

Read More: Lloyd Blankfein, Tarp, Executive Pay, Wells Fargo, Afl-Cio, Aig, Pay Czar, Pay Czar Ken Feinberg, Goldman Sachs, Goldman Sachs Bonuses, Commercial Banks, Goldman Sachs Ceo Lloyd Blankfein, Ken Feinberg, Wall Street Bonuses, Executive Compensation, Citigroup, New York News
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

Read Post

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 05.25.2011

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

Read Post

Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'

Posted 05.25.2011

Read More: Tarp, Obama 60 Minutes, Lobbying, Afghanistan, Bailouts, Financial Reform, Obama, Steve Kroft, Obama Interview, House, Senate, Bailout, 60 Minutes, Financial Crisis, Banks, Bonuses, Wall Street Bonuses, Wall Street, Politics News

President Obama takes aim at "fat cat bankers" and their aggressive lobbying efforts to defeat financial reform in an upcoming 60 Minutes interview se...

Read Whole Story

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011

Read More: American Banking Association, Aba, Bonus Outrage, Banksters, Wall St, Goldman Sachs, Aig, JPMorgan Chase, Wall Street Crisis, Showdown in Chicago, Bailout, Lehman Brothers, Chicago, Seui, Bonuses, Wall Street Bonuses, American Bankers Association, Business News
Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

Read Post

Mad About Bonuses? Let's Make a Deal

David M. Abromowitz | Posted 05.25.2011

Read More: Tarp, Taxes, Bailout, Wall Street Bonuses, Business News
David M. Abromowitz

Raising the top marginal tax rate to be paid by earners of extremely high incomes is not about punishing work, or class warfare. It's about a fair allocation of responsibility.

Read Post

Jobs and Justice: Tie Wall Street Profits and Bonuses to the Unemployment Rate

Les Leopold | Posted 05.25.2011

Read More: Barak Obama, Wall Street Bailout, Wall Street, Economy, Economic Crisis, Larry Summers, Financial Crisis, Timothy Geithner, Wall Street Bonuses, Cash for Caulkers, Business News
Les Leopold

Congress and the Administration should call for a steep windfall tax on all Wall Street profits and bonuses, directly tying the tax to the unemployment rate.

Read Post

Welfare Reform for Wall Street

Les Leopold | Posted 05.25.2011

Read More: Welfare, Aig, Goldman Sachs, Teabaggers, Wall Street, Economic Crisis, Financial Crisis, Wall Street Bonuses, Barack Obama, Business News
Les Leopold

Our politicians thrive on chastising the fictitious welfare queens who supposedly turn our hard-earned tax dollars into Cadillacs. But when it comes to Wall Street we let the welfare kings walk all over us.

Read Post

Bill Gates: Wall Street Compensation Too High

Reuters | Michelle Nichols | Posted 05.25.2011

Read More: Wall Street, Financial Bailout, Bill Gates, Wall Street Pay, Fiscal Policy, Wall-Street-Bonuses, Business News

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...

Read Whole Story

'Daily Show' On Wall St. Bonuses: 'Banks Are Made Of Balsa Wood Held Together By Baby Tears' (VIDEO)

Posted 05.25.2011

Read More: Financial Crisis, The Dail Show, Bonuses, Wall Street Bonuses, Bank Bonuses, John Stewart, Bank Pay, Political Humor, Business News

Outrage at Wall Street bonuses hasn't escaped the folks at 'The Daily Show'. Jon Stewart took on the ballooning compensation in the financial sector o...

Read Whole Story

Goldman Sachs Execs Skirt Christmas Party Ban

Posted 05.25.2011

Read More: Banks, Goldman Sachs, Bonuses, Wall Street Bonuses, Bank Bonuses, Goldman Sachs Holiday Parties, Business News

At Goldman Sachs, tis the season of giving. Not only is the firm lavishing huge bonuses on its employees, but its executives are finding ways around t...

Read Whole Story

Pay Czar Blocks Bank Of America Chief's Pay

AP | STEVENSON JACOBS and VINNEE TONG | Posted 05.25.2011

Read More: Bank CEOs, Treasury Department, Executive Pay, Wall Street, Bank of America, US Treasury Department, Kenneth Lewis, Executive Bonuses, Wall Street Bonuses, Boa, Business News

NEW YORK — Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Co...

Read Whole Story

An Invitation to the Tea Parties to Join the Fight

Cenk Uygur | Posted 05.25.2011

Read More: Wall Street Bailout, Tea Party Protests, Wall Street, Bailout, Corporate America, Tim Geithner, Banks, Right Wing, Wall Street Bonuses, Tea Party, Politics News
Cenk Uygur

We can build a real populist movement that isn't funded by corporate America, that actually cares about the American people and throws the crooks out, and that fights the elites who have captured our government.

Read Post

Buffett, Bonuses and Executive Greed

Alice Schroeder | Posted 05.25.2011

Read More: Berkshire Hathaway, Goldman Sachs, Warren Buffett, Corporate Greed, Alice Schroeder, Wall Street Bonuses, Business News
Alice Schroeder

Warren Buffett is such an important voice in the business world that, single-handedly, he could influence the way Corporate America is paid.

Read Post

Wall Street Bonuses: What The Politicians MEANT To Say

washingtonpost.com | Frank Ahearns | Posted 05.25.2011

Read More: Lloyd Blankfein, Feinberg, Goldman Sachs, Alistair Darling, Barney Frank, Banks, Larry Summers, Obama, Wall Street Pay, Wall Street Bonuses, Business News

So now, during bonus season, we look back at some of the key statements from the Great Bonus Controversy of 2009. The gap between what was said and wh...

Read Whole Story

Jamie Dimon Reportedly Entreated British Politician To Reconsider U.K. Bonus Tax

bloomberg.com | Elizabeth Hester | Posted 05.25.2011

Read More: Alistair Darling, Bailout, Bonus Outrage, Jpmorgan, Jamie Dimon, u.k. Bonus Tax, Bonus Tax, Bonuses, Wall Street Bonuses, Business News

Dec. 28 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told U.K. Chancellor of the Exchequer Alistair Darling that his 50 per...

Read Whole Story