Stocks Set to Plunge amid Wall Street Turmoil
Bye bye
Its economic at the moment.... but depending how hard the market nosedives... it'll be political. Maybe this time Charlie Gibson will attribute it to more than just a Hollywood cult movie.
Yeah... that kooky old Ron Paul.
Debt as money is genius, the Fed will save us.
Oh, the execs of these companies walked away with tens of BILLIONS last year. Sure is nice being front of the line at the money presses, isn't it? Have a cannibalistic orgy of speculative trading in the market, take yours, and then walk away as everything collapses. Genius.
Bloomberg.com: Worldwide
Bye bye
Its economic at the moment.... but depending how hard the market nosedives... it'll be political. Maybe this time Charlie Gibson will attribute it to more than just a Hollywood cult movie.
Yeah... that kooky old Ron Paul.
Debt as money is genius, the Fed will save us.
Oh, the execs of these companies walked away with tens of BILLIONS last year. Sure is nice being front of the line at the money presses, isn't it? Have a cannibalistic orgy of speculative trading in the market, take yours, and then walk away as everything collapses. Genius.
Bloomberg.com: Worldwide
Wall Street's five biggest firms are paying a record $39 billion in bonuses for 2007, a year when three of the companies suffered the worst quarterly losses in their history and shareholders lost more than $80 billion.
Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. together awarded $65.6 billion in compensation and benefits last year to their 186,000 employees. That means year-end bonuses, at 60 percent of the total, exceeded the $36 billion distributed in 2006 when the industry reported all-time high profits.