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Should Goldman Sachs Cut Their Huge Bonuses?

Should Goldman Sachs Cut Their... (15 Comments)

This seems to be a fine example of class warfare. i don't for a moment think that i understand the inner workings of Goldman Sachs. In the article posted it states that "Goldman Sachs is the best-performing financial stock in the S&P 500 since Obama's election."

I question whether anyone here knows what role the bonus recipients have within the company?

I also wonder if they needed the bailout in the first place...my initial inclination is that they didn't. Also do you place a large amount of blame on our government for not placing language in the contracts which adequately regulated these bonuses before allocating the money?

We should be equally upset that our congress with a job approval rating of 27% allowing an automatic pay increase to take place during this recession.

I'm not saying that they deserve the bonuses, because I have no clue what role they play and how valuable they are to the company.

Also how about the democrats adding a $100 million dollar treat for Landrieu's HC vote in the senate Health Care legislation.

http://blogs.abcnews....-vote.html

Or society is beginning to act like puppets of the government without rational thought reacting exactly as they intend us too.

11-20-2009 12:55pm Logical-Thinker

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TypicalWhitePerson

$750 per person per year I think. And if you don't pay it, you go to jail.

11-25-2009 3:08pm TypicalWhitePerson

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chrcolli

Colby, what is the percent now? How much of a tax increase/penalty will they give if you do not obtain health insurance?

11-25-2009 2:57pm chrcolli

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TypicalWhitePerson

Lolololol@ "health care for the poor." You're really really naive. I don't know what else to say anymore. There are already over a hundred million (1 in 3 Americans) eligible for government health insurance of one kind or another. And it's not opposed because we don't give a shit about the poor, whatever you might think. We oppose it mostly because it makes an already unsustainable fiscal policy even worse, and also because it's un-American to force once socio-economic class to support another in virtually every way. Americans are of good heart and will give of their own accord.

11-25-2009 2:49pm TypicalWhitePerson

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Nuke

"This seems to be a fine example of class warfare."

what's wrong with the middle class fighting back and asking, at least, that the bailouts be returned if they are going to pay such bonuses?

don't you think Republican opposition to health care for the poor is class warfare?

11-25-2009 8:06am Nuke

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swarmparadigm

ding dong :)

http://en.wikipedia.o...stribution

11-23-2009 11:25am swarmparadigm

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Logical-Thinker

"Cash for Cloture" has a good ring to it.

11-22-2009 10:02am Logical-Thinker

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swarmparadigm

Have you seen these equations before?

http://en.wikipedia.o...choles_PDE

http://en.wikipedia.o...ian_copula

Class warfare? More like revenge of the nerds.

11-22-2009 1:38am swarmparadigm

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TypicalWhitePerson

I'm torn on this Mary Landrieu buy-off thing. Should we call it "The Louisiana Purchase" or "Cash for Cloture?"

11-21-2009 1:43pm TypicalWhitePerson

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cocallas

If you don't pay people when other companies will you're gonna lose top talent!

11-24-2009 5:58pm cocallas

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ObiJuan

http://trueslant.com/...o-profits/

Friend pointed this out to me the other day. Disturbing, to say the least!

11-23-2009 3:27pm ObiJuan

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swarmparadigm

I am going to defend Goldman Sachs because they understood the risks they were getting into. The models they use are complex and they understood them while other institutions folded.

http://www.amazon.com...ref=sr_1_1

I know that misery loves company, but they are, "long term greedy". Everyone else was short term greedy and pigs get slaughtered on wall street.

11-22-2009 1:27am swarmparadigm

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XFactor

Of Course...
Talk about the greedy of the greedy, Its ridiculous to think that any company that was supported by tax payers should receive any high level executive pay at all. If your company is bombing, and you receive payouts when it is kicking ass, you should suck up the cost with its nose diving.... pathetic.

11-20-2009 10:04am XFactor

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