Comments on: Those Gargantuan Wall Street Bonuses (with a poll to get your opinions below) http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/ Thu, 24 May 2012 16:54:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: WildChild http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1132116 WildChild Mon, 02 Feb 2009 04:55:20 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1132116 The dems didn't have enough time. They took the congress in Jan 2007. The credit for home purchases dried up in Aug of 2007 and the residential construction industry collapsed a month or so later. So no, Chi-town isn't correct. The dems didn’t have enough time. They took the congress in Jan 2007. The credit for home purchases dried up in Aug of 2007 and the residential construction industry collapsed a month or so later. So no, Chi-town isn’t correct.

]]> By: Wisewoman http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1132112 Wisewoman Mon, 02 Feb 2009 04:51:30 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1132112 Thanks Chi-Town. Keep plugging away with this info and it will eventually get through. We democrats will realize one day that we elected the crooks who got us into this mess. When most dems recognize this there will be h*ll to pay. The repubs just kept the farce going to continue a false housing bubble. Wildchild and others will realize the facts as you presented them in due course. Thanks Chi-Town. Keep plugging away with this info and it will eventually get through. We democrats will realize one day that we elected the crooks who got us into this mess. When most dems recognize this there will be h*ll to pay.

The repubs just kept the farce going to continue a false housing bubble. Wildchild and others will realize the facts as you presented them in due course.

]]> By: Ferd Berfle http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1132097 Ferd Berfle Mon, 02 Feb 2009 04:39:49 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1132097 Bush started the slippery slope towards bankruptcy with the two-front war and lowering taxes at the same time. That One is only going to finish the job he started. I am neither a Democrat nor a republican and see the hand of both parties in this mess. Bush started the slippery slope towards bankruptcy with the two-front war and lowering taxes at the same time. That One is only going to finish the job he started.

I am neither a Democrat nor a republican and see the hand of both parties in this mess.

]]> By: Wisewoman http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1132093 Wisewoman Mon, 02 Feb 2009 04:36:57 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1132093 Wildchild. Chi-Town is correct on most of his (her) info regarding this matter. I know you don't want to believe it but the dems are more at fault, even Big dawg admitted the dems did not want to regulate even when he was in office and the repub congress was in control. Wildchild. Chi-Town is correct on most of his (her) info regarding this matter. I know you don’t want to believe it but the dems are more at fault, even Big dawg admitted the dems did not want to regulate even when he was in office and the repub congress was in control.

]]> By: Wisewoman http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1132081 Wisewoman Mon, 02 Feb 2009 04:24:57 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1132081 Chi-Town.This link is for you. Barney Frank, the dems and especially Obama are more responsible for the economic meltdown due to the Fannie Mae (FM) and Freddie Mac (FM) backed mortgages crisis. Link 1. Sen Obama was one of the attorneys of record ( See p.3 of cited document) who filed a class action lawsuit against Citibank Federal Savings Bank in Chicago in federal court (1994) accusing them of redlining and racial discrimination in lending and won. The legal outcome of the federal case (1998) was that banks all over the country were forced to make risky loans to unqualified buyers without sufficient collateral. Through this action Sen Obama bares a heavy responsibility for the housing crisis, stock market losses impacting people’s 401ks, retirements, and other incomes. Link 2. Listen to all the dem crooks and money they received from Fm & FM. (Listen to President Clinton around the 5:53 mark. Also See Videos # 5 & 7 I think). http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName; http://www.youtube.com/watch?v=Z5z9lD4C2Io&feature=iv&annotation_id=event_652267 Chi-Town.This link is for you.

Barney Frank, the dems and especially Obama are more responsible for the economic meltdown due to the Fannie Mae (FM) and Freddie Mac (FM) backed mortgages crisis. Link 1. Sen Obama was one of the attorneys of record ( See p.3 of cited document) who filed a class action lawsuit against Citibank Federal Savings Bank in Chicago in federal court (1994) accusing them of redlining and racial discrimination in lending and won. The legal outcome of the federal case (1998) was that banks all over the country were forced to make risky loans to unqualified buyers without sufficient collateral. Through this action Sen Obama bares a heavy responsibility for the housing crisis, stock market losses impacting people’s 401ks, retirements, and other incomes.
Link 2. Listen to all the dem crooks and money they received from Fm & FM. (Listen to President Clinton around the 5:53 mark. Also See Videos # 5 & 7 I think).
http://clearinghouse.wustl.edu/detail.php?id=10112&search=source|general;caseCat|FH;orderby|caseName;
http://www.youtube.com/watch?v=Z5z9lD4C2Io&feature=iv&annotation_id=event_652267

]]> By: tek http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131528 tek Sun, 01 Feb 2009 19:31:40 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131528 Athena: That is capitalism, it is regulated capitalism. Your comment show one of the problems in this country. Americans think if their basic necessities are guaranteed so people don't have to turn to crime or the dole, then we're living in a socialist country. Ridiculous. Comes from not knowing economics and political science. Ask yourself, if regulation to stop exploitation and crime isn't capitalism, then what is so great about what you're calling capitalism in the first place? Just that it's supposed to be American? Athena: That is capitalism, it is regulated capitalism. Your comment show one of the problems in this country. Americans think if their basic necessities are guaranteed so people don’t have to turn to crime or the dole, then we’re living in a socialist country. Ridiculous. Comes from not knowing economics and political science.

Ask yourself, if regulation to stop exploitation and crime isn’t capitalism, then what is so great about what you’re calling capitalism in the first place? Just that it’s supposed to be American?

]]> By: tek http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131522 tek Sun, 01 Feb 2009 19:24:19 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131522 You miss the point, the market would decide percentages. A fair living wage is an economic term. It's sufficient money to provide adequately for your family and not be starving, going without medical care, or housing, and not be on the dole. You miss the point, the market would decide percentages. A fair living wage is an economic term. It’s sufficient money to provide adequately for your family and not be starving, going without medical care, or housing, and not be on the dole.

]]> By: kgirl1028 http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131273 kgirl1028 Sun, 01 Feb 2009 11:03:11 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131273 How is this asny different that what happens on an individual level. Never lend money you can't afford to do without. We should have let people sink or swim at their own measure and then we wouldn'tbe in the problem in the first place. We should have never done this bail out. It has done more harm than good and to top it off it now allows the federal goverment to put it's nose where it doesn't belong. And trust me, it won't stop there. we are looking a political party that feels justified into sticking it's nose into other peoples buisness is the goverment's right. I think people should be chilled by this intrusion into the private sector. Instead we are cheering. Trust me if obama thinks it's ok to tell them when it's time to make a profit. He will be telling you the same sooner than you think. First it was bush and patriot act. How long ar e we going to let these people nibble at our personal freedoms before we realize they have gone too far. How is this asny different that what happens on an individual level. Never lend money you can’t afford to do without. We should have let people sink or swim at their own measure and then we wouldn’tbe in the problem in the first place. We should have never done this bail out. It has done more harm than good and to top it off it now allows the federal goverment to put it’s nose where it doesn’t belong. And trust me, it won’t stop there. we are looking a political party that feels justified into sticking it’s nose into other peoples buisness is the goverment’s right. I think people should be chilled by this intrusion into the private sector. Instead we are cheering. Trust me if obama thinks it’s ok to tell them when it’s time to make a profit. He will be telling you the same sooner than you think. First it was bush and patriot act. How long ar e we going to let these people nibble at our personal freedoms before we realize they have gone too far.

]]> By: AnnieCollier http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131253 AnnieCollier Sun, 01 Feb 2009 08:38:00 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131253 Yes, I know why she made that offer. She wanted the commission. This past month, two of those loans she made to other "friends" went sour. One of them (a bit of a shyster herself) wound up suing the company she works for, saying she was misled over the terms; the other one (ex-husband of #1) got out with about $1,000 after 4 years in the house...and he was lucky to be able to dump his house before foreclosure. They had both refinanced to the hilt and spent the money on either not working or other survival. And Real Estate Lady made around $350k on these kinds of loans. Not a lot for this area but nevertheless a decent little take. Yes, I know why she made that offer. She wanted the commission.

This past month, two of those loans she made to other “friends” went sour. One of them (a bit of a shyster herself) wound up suing the company she works for, saying she was misled over the terms; the other one (ex-husband of #1) got out with about $1,000 after 4 years in the house…and he was lucky to be able to dump his house before foreclosure. They had both refinanced to the hilt and spent the money on either not working or other survival. And Real Estate Lady made around $350k on these kinds of loans. Not a lot for this area but nevertheless a decent little take.

]]> By: elise http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131246 elise Sun, 01 Feb 2009 07:58:02 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131246 That's a great idea, Annie. What's wrong with the CEO recieving a small percentage of the net profit? No one is worth what these officers are recieving. That’s a great idea, Annie. What’s wrong with the CEO recieving a small percentage of the net profit? No one is worth what these officers are recieving.

]]> By: Chris http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131230 Chris Sun, 01 Feb 2009 06:32:09 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131230 I vote no but with a caveat. If they take public dollars, then they should fire the ceos who didn't perform. New management then should be left to run the business with hands off from govt intervention. Let capitalism and the markets then take care of things. If they fail again, then let them fail. That will be the risk of giving them a break but one that may prove low if the new guys do their job. Lower corporate taxes and get production going. We all work to make money and move up the ladder if we can to make more. Ceos are the same. I don't have a problem with that, but No one should get more money if they don't perform. Adequate Base salary with performance bonuses is the way to go imo. By the way, Why the heck did congress just give themselves a raise amidst all this financial mess? They are the ones who should all be fired based on their sorry performance. I vote no but with a caveat. If they take public dollars, then they should fire the ceos who didn’t perform. New management then should be left to run the business with hands off from govt intervention. Let capitalism and the markets then take care of things. If they fail again, then let them fail. That will be the risk of giving them a break but one that may prove low if the new guys do their job. Lower corporate taxes and get production going. We all work to make money and move up the ladder if we can to make more. Ceos are the same. I don’t have a problem with that, but No one should get more money if they don’t perform. Adequate Base salary with performance bonuses is the way to go imo. By the way, Why the heck did congress just give themselves a raise amidst all this financial mess? They are the ones who should all be fired based on their sorry performance.

]]> By: CHI-TOWN http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131229 CHI-TOWN Sun, 01 Feb 2009 06:24:50 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131229 The one thing that convinced me the most that no matter if the rest of the world was full of perfect people who have not done the silly things the investment banks did, that this problem still would have occurred because of the supernatural powers of the GSEs,.. was the CSpan video this comment thread has posted to it in the first message. That witness panel for Congress made it so clear that the GSEs were such corrupting bastards, the private finance system was nowhere near it's scope , scale and reach. If you can find the other hearing (not linked) where it has the recent management of FM, Mudd, Harold Raines, etc.. you'll see how utterly incompetent they were and how muddled in their thinking they were as they tried to navigate through the different missions that Congress caused them to have by their charter and their partial privatization. The one thing that convinced me the most that no matter if the rest of the world was full of perfect people who have not done the silly things the investment banks did, that this problem still would have occurred because of the supernatural powers of the GSEs,.. was the CSpan video this comment thread has posted to it in the first message.

That witness panel for Congress made it so clear that the GSEs were such corrupting bastards, the private finance system was nowhere near it’s scope , scale and reach.

If you can find the other hearing (not linked) where it has the recent management of FM, Mudd, Harold Raines, etc.. you’ll see how utterly incompetent they were and how muddled in their thinking they were as they tried to navigate through the different missions that Congress caused them to have by their charter and their partial privatization.

]]> By: Chris http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131226 Chris Sun, 01 Feb 2009 06:10:24 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131226 Peggy Sue your comments are spot on. The real scam is what they are trying to pull off in Washington with our future. My grandchildren are in grave peril along with all the children of generations to come. American citizens need to open their eyes to the destruction happening in front of them and try their hardest to stop it. So far the Dems are drunk with power and are not listening to the people they are supposed to represent shouting at them to stop. I am not very hopeful that they ever will. I just pray there are still some in Congress that will stand and do something to hold this up. We indeed are in big trouble. Peggy Sue your comments are spot on. The real scam is what they are trying to pull off in Washington with our future. My grandchildren are in grave peril along with all the children of generations to come. American citizens need to open their eyes to the destruction happening in front of them and try their hardest to stop it. So far the Dems are drunk with power and are not listening to the people they are supposed to represent shouting at them to stop. I am not very hopeful that they ever will. I just pray there are still some in Congress that will stand and do something to hold this up. We indeed are in big trouble.

]]> By: Sonic Ninja Kitty http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131223 Sonic Ninja Kitty Sun, 01 Feb 2009 06:05:04 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131223 Very nice posts, Chi-Town. Frustrating that they probably will get away with it, though. Very nice posts, Chi-Town. Frustrating that they probably will get away with it, though.

]]> By: Sonic Ninja Kitty http://www.noquarterusa.net/blog/12911/those-gargantuan-wall-street-bonuses-with-a-poll-to-get-your-opinions-below/#comment-1131222 Sonic Ninja Kitty Sun, 01 Feb 2009 06:01:36 +0000 http://www.noquarterusa.net/blog/?p=12911#comment-1131222 NO! Government is not supposed to do these things in a republic. We need to move WAY back to basics. NO! Government is not supposed to do these things in a republic. We need to move WAY back to basics.

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