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Topic: Numbers for your consideration
Lynann Joined Mon 10/01/07 Posts: 4072	Mon 09/22/08 11:14 AM
Last Year's Big Five Wall Street Bonuses September 22, 2008 7:12 AM As the Bush Administration asks for close to a trillion dollars to prevent a worldwide financial cataclysm, here are some numbers you might find interesting -- courtesy of the ABC News Research Center and ABC News' Barbara Paulson. In 2007, Wall Street's five biggest firms-- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley - paid a record $39 billion in bonuses to themselves. That's $10 billion more than the $29 billion loan taxpayers are making to J.P. Morgan to save Bear Stearns. Those 2007 bonuses were paid even though the shareholders in those firms last year collectively lost about $74 billion in stock declines --their worst year since 2002. If split equally among the approximately 186,000 workers at the former Big Five Houses, that bonus money means an average of $201,500 per person -- more than four times the $48,201 median household income in the U.S. last year.

MirrorMirror Joined Fri 10/26/07 Posts: 89680	Mon 09/22/08 11:15 AM
Very interesting

warmachine Joined Tue 04/08/08 Posts: 4528	Mon 09/22/08 11:17 AM
Globalists taking care of each other, while they suck the people dry.

Tommo Joined Sun 09/02/07 Posts: 571	Mon 09/22/08 11:18 AM
So how much is that in Zimbabwian Dollars?

wouldee Joined Sun 10/07/07 Posts: 5335	Mon 09/22/08 11:37 AM Edited by wouldee on Mon 09/22/08 11:38 AM
Last Year's Big Five Wall Street Bonuses September 22, 2008 7:12 AM As the Bush Administration asks for close to a trillion dollars to prevent a worldwide financial cataclysm, here are some numbers you might find interesting -- courtesy of the ABC News Research Center and ABC News' Barbara Paulson. In 2007, Wall Street's five biggest firms-- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley - paid a record $39 billion in bonuses to themselves. That's $10 billion more than the $29 billion loan taxpayers are making to J.P. Morgan to save Bear Stearns. Those 2007 bonuses were paid even though the shareholders in those firms last year collectively lost about $74 billion in stock declines --their worst year since 2002. If split equally among the approximately 186,000 workers at the former Big Five Houses, that bonus money means an average of $201,500 per person -- more than four times the $48,201 median household income in the U.S. last year. and Bi;ll Gates net worth of 50 billion would put $50,000 in the hands of a million people. Imagine that. Today, it was announced that Microsoft is buying back more stock. That means fewer shares on the open market and increasig the value of all outstanding shares. Today, Microsoft's stock price is on the rise. How does that work? don't suggest that Bill Gates should run our government. you will have missed the point, in doing so.

Unknow Joined Fri 10/06/06 Posts: 4066	Mon 09/22/08 03:07 PM Edited by Unknow on Mon 09/22/08 03:12 PM
Last Year's Big Five Wall Street Bonuses September 22, 2008 7:12 AM As the Bush Administration asks for close to a trillion dollars to prevent a worldwide financial cataclysm, here are some numbers you might find interesting -- courtesy of the ABC News Research Center and ABC News' Barbara Paulson. In 2007, Wall Street's five biggest firms-- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley - paid a record $39 billion in bonuses to themselves. That's $10 billion more than the $29 billion loan taxpayers are making to J.P. Morgan to save Bear Stearns. Those 2007 bonuses were paid even though the shareholders in those firms last year collectively lost about $74 billion in stock declines --their worst year since 2002. If split equally among the approximately 186,000 workers at the former Big Five Houses, that bonus money means an average of $201,500 per person -- more than four times the $48,201 median household income in the U.S. last year. and Bi;ll Gates net worth of 50 billion would put $50,000 in the hands of a million people. Imagine that. Today, it was announced that Microsoft is buying back more stock. That means fewer shares on the open market and increasig the value of all outstanding shares. Today, Microsoft's stock price is on the rise. How does that work? don't suggest that Bill Gates should run our government. you will have missed the point, in doing so. Hey if I'm buying building a house I wouldn't ask a McDonald's worker on a dating site for advice..If I want straight answers about the financial and world problems facing my country I wouldn't ask a construction worker on a dating site for advice...That's just me!!! But I will take a double cheese burger with that kool-aide since we all have all those free lunches...

Winx Joined Fri 08/31/07 Posts: 39051	Mon 09/22/08 03:14 PM Edited by Winx on Mon 09/22/08 03:15 PM
Last Year's Big Five Wall Street Bonuses September 22, 2008 7:12 AM As the Bush Administration asks for close to a trillion dollars to prevent a worldwide financial cataclysm, here are some numbers you might find interesting -- courtesy of the ABC News Research Center and ABC News' Barbara Paulson. In 2007, Wall Street's five biggest firms-- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley - paid a record $39 billion in bonuses to themselves. That's $10 billion more than the $29 billion loan taxpayers are making to J.P. Morgan to save Bear Stearns. Those 2007 bonuses were paid even though the shareholders in those firms last year collectively lost about $74 billion in stock declines --their worst year since 2002. If split equally among the approximately 186,000 workers at the former Big Five Houses, that bonus money means an average of $201,500 per person -- more than four times the $48,201 median household income in the U.S. last year. and Bi;ll Gates net worth of 50 billion would put $50,000 in the hands of a million people. Imagine that. Today, it was announced that Microsoft is buying back more stock. That means fewer shares on the open market and increasig the value of all outstanding shares. Today, Microsoft's stock price is on the rise. How does that work? don't suggest that Bill Gates should run our government. you will have missed the point, in doing so. Hey if I'm buying building a house I wouldn't ask a McDonald's worker on a dating site for advice..If I want straight answers about the financial and world problems facing my country I wouldn't ask a construction worker on a dating site for advice...That's just me!!! But I will take a double cheese burger with that kool-aide since we all have all those free lunches... That's good. No cheese on my burger, please. I drank Kool-Aide last night. I think that I'll make some more.

Giocamo Joined Tue 08/19/08 Posts: 3297	Mon 09/22/08 03:26 PM
Obama's Sub-Prime Buddies! Lehman Brothers, Merrill Lynch, & More Updated September 15th - This Article is compiled from previous articles and new content. Bundler amounts have been updated, but individual contributions have not been updated since June. As a result, it is safe to assume that individual contributions have likely been doubled since the start of the General Election cycle. As Senator Obama and his Democratic colleagues attempt to tie this weeks financial meltdown to John McCain, perhaps we need to re-examine the candidate who has benefited the most from the very Wall Street Executives who have brought us this financial crisis. Obama’s campaign has undergone little scrutiny on his long-standing ties to the financial and banking community. In Obama’s speeches across the country he has repeatedly criticized the Bush administration for allowing “evil” subprime mortgage lenders and investment banks to lead this county into our current mortgage meltdown. Obama’s rhetoric on the mortgage crisis has been pointed and blunt, as stated on his own campaign website, “Obama will crack down on fraudulent brokers and lenders…Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect consumers against abusive lending practices”. Throughout the campaign season Obama has attacked Wall Street’s financial sector and run a campaign based largely upon his “good judgment”. The problem with Obama’s rhetoric rests in the fact that tucked away in his database of 2.5 million donors is the approximately 180,000 power brokers that have funded nearly 60% of his campaign. Included in this list are the more than 594 campaign bundlers including 15 lobbyist bundlers who have accounted for over $140 million in contributions. Included in this list are just 36 bundlers accounting for over $18 million dollars, with two bundlers raising over $1 million, and one over $2 million. These amounts are impressive considering that just 552 individuals have accounted for nearly 1/3 of his total campaign contributions. Of course determining the occupation can be tricky considering the Obama campaign lists nearly 100 bundlers as having unknown occupations, nearly 100 who are listed as "self-employed", and dozens of "homemakers" and "retired" individuals. Among Obama's campaign contributors are many Lehman Brothers Executives, such as CEO Richard Fuld ($2,300), President Joseph Gregory ($4,600) and dozens of other top Lehman Executives. On June 19th, Lehman shareholders filed suit against Fuld and Gregory for the company’s exposure in the subprime market. In addition to dozens of Lehman executives are Obama's bundlers from Lehman Borthers who have raised top dollar for the campaign. Direct contributions from Lehman Brothers have exceeded $395,000 for Senator Obama.

s1owhand Joined Fri 05/18/07 Posts: 29437	Mon 09/22/08 03:35 PM
if you want to understand the current mortgage credit securities fiasco i urge all of you to read... A License to Steal - Ben Stein 1992 All the elements are there. This was very preventable. The bonuses and compensation of the execs of these firms are culpable...and they should be all attached to help cover the losses. HellYeah!