According to the Wall Street Journal, banking bonuses will hit $145 billion for 2009, a well-justified figure when you consider the heroic sacrifices Wall Street made in order to get interest rates dropped to zero forever.
Rather than complain about this windfall to our nation’s best and brightest and most scrupulous, why not focus on how YOU can get in on the action?
Vanity Fair has The Return of Gordon Gecko up on their site. Y’all know my deal with this movie (at least the first one). Here’s some footage from behind the scenes of the Annie Leibovitz photo shoot for the Wall Street sequel… Source: The Return of Gordon Gekko (Vanity Fair) Read also: TRB on the…
Stupid things I’m hearing from stupid people these days.
Why did Blankfein and Dimon come off as though crises are normal every 5 years and this one was an act of nature, not of man? Have they learned nothing?
The Treasury releases a fact sheet for the “Financial Crisis Responsibility Fee”
Some links on the Haiti story.
I’m out sick today, but here are some links for ya.
The Too Big To Fail Tax is a step in the right direction, despite Jamie Dimon’s mostly true defense of big US banks.
Google is leaving China, supposedly. Baidu shareholders are over the moon.
“While we’re on the subject, I’d like to weigh in on this subject of a financial transaction tax. Simply put, it’s indefensible, and it exhibits a terribly flawed logic that would be akin to taxing a merchant on top-line sales in addition to bottom-line profit.” – Rich Masino
