A Guide To Recieving Your Share of Wall Street's Bonuspalooza

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?

Paul Wilmott on Britain's Windfall Banker Tax

They actually did it in Great Britain… From the New York Times: In Britain the first shots have just been fired by Alistair Darling, the chancellor of the Exchequer, our very own, very unlikely Wyatt Earp. On Wednesday he introduced a windfall tax of 50 percent to be paid by banks on discretionary bonuses above…

A Letter From 2019

Dear Josh, It’s me: Josh…the You from 10 years from now, using the latest technology from Google to send an email to you from the future.  Don’t freak out. Anyway, I’m just writing to let you know that the next ten years will be wacky, but everything turns out ok.  For regulatory reasons, I obviously…

We Interrupt This Rally To Bring You The Following Personal Bankruptcy Stats

Since everyone loves a growth story, I thought I’d chime in with this lovely statistic on personal bankruptcy filings: According to the American Bankruptcy Institute, total bankruptcies will exceed 1.4 million for 2009, this is the highest number since 2005, and represents a 30% jump from last year’s total of 1,074,225. Now before you get excited and say, “well then I guess things…

Main Street: Can We Have a Recovery Too?

Here’s a pair of headlines that I thought were fantastic in a juxtapositional way: Goldman Faces PR Dilemna Over Huge Bonuses (CNBC) Debt, Unemployment Weigh on Recovery (WSJ)  Both articles out on the same day.  Today.  Only in America. Cartoon Source: TIME

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=] Bonne fin de semaine!

Required Viewing for Newly-Bonused Goldman Employees

[vodpod id=Groupvideo.3484400&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] So Goldman Sachs is sitting on a $16 billion bonus pool, which CEO Lloyd Blankfein is hesitant to dole out to employees amidst the possibility of populist furor in this wonderful economy of ours. My advice to Lloyd is to make the above clip from Goodfellas required viewing for the troops upon receipt of…