Bank Bonuses

Media: Talking Bonuses on France 2 TV

Here’s a little something I did for mes amis at France 2 Television about the banker bonus issue during the G-20 Summit. [youtube=http://www.youtube.com/watch?v=Rev_X_q_m-0] Bonne fin de semaine!

Kidz Korner: Where Do Bonuses Come From?

Kidz Korner is a new feature here on The Reformed Broker where I explain complex financial issues to kids from the neighborhood in a simple, straightforward way. _______________________________________________________________________________________ Little Timmy Johnson: Gee Mister, I sure do hear a lot on TV about all these bonuses people are getting…am I going to get one? The Reformed…

AIG to Taxpayers: F@$% You

Attention AIG Executives: THE NATIONAL BACKLASH IS COMING.  CASH THOSE BONUS CHECKS AT YOUR OWN PERIL. _____________________________________________________ The below is an actual first paragraph of an article in the NY Times business section this morning.  Seriously, its actually real. The American International Group, which has received more than $170 billion in taxpayer bailout money from…

Cuomo to Thain: I Know What You Did Last Christmas

Aww Yeah! Forget about that Jon Stewart vs. James Cramer noise…who cares? The real action is taking place in the New York State Attorney General’s Circle of Death between Andrew Cuomo aka Spitzer 2.0 and Merrill Lynch aka the Hamburglar of Wall Street. From DealBook (NYT) The office of Attorney General Andrew M. Cuomo filed…

"But We Can't Afford to Lose the Talent" and Other Bullsh*t

Attention Wall Street Banks: YOUR EMPLOYEES AREN’T GOING ANYWHERE.  THERE IS NOWHERE FOR THEM TO GO.  PRIVATE EQUITY FIRMS ARE SCREWED, REAL ESTATE FIRMS ARE DEAD ALSO…AS ARE MOST HEDGE FUNDS.  STOP THE BONUSES, YOUR PEOPLE ARE STUCK WITH YOU ANYWAY. _____________________________________________________________________________ As B of A/ Merrill‘s Ken Lewis and John Thain continue to play…

Hot Links: Ken Lewis Edition

Hot Links for Weekend Reading: The country is made up of two types of people right now, those who care about the Bank of America/ Merrill Lynch saga and those who truly don’t mind being robbed and pillaged in broad daylight.  When the news came out that Merrill Lynch CEO John Thain requested a $10…

The Quesadilla That Changed My Mind About The Bailout

I kid you not, readers, he literally uttered the word “Citigroup” and his quesadilla was packed in a bag with plastic utensils and napkins, and he was out the door. No one asked him for ID or made a note anywhere of what he was eating that day. He just said “Citigroup” and bounced. I was on line to pay behind him with my own chicken quesadilla and a bottle of Diet Pepsi…cost to me as a non-Citigroup employee: $9.85 plus tax.