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Happy New year for Goldman fat cats!

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posted on Dec, 31 2014 @ 06:55 PM
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The Goldman Sachs pay and bonuses, which are for 2013, were handed out just in time to beat a cap introduced by the European Union 12 months ago.

One of the world’s biggest banks was accused of breathtaking arrogance yesterday for handing a £367m pay bonanza to its London staff
121 Goldman Sachs bosses and traders – at an average of £3million a head ..

The salary packages equate to nearly £60,000 a week – more than 120 times the average wage.

Star performers at Barclays in London averaged £1.6million while their counterparts at state-backed Royal Bank of Scotland were on £600,000.

The UK’s biggest high street lenders will start announcing their bonuses for the past year in the coming weeks. RBS made losses of £8.2billion last year but still paid out £588million in bonuses.

Ever feel like you are in the wrong job


www.dailymail.co.uk... totalling-370million.html




edit on 31/12/2014 by douglas5 because: (no reason given)




posted on Dec, 31 2014 @ 06:58 PM
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Would you prefer they give out their money to those who don't work for them?
edit on 31-12-2014 by Jamie1 because: (no reason given)


+13 more 
posted on Dec, 31 2014 @ 07:02 PM
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originally posted by: Jamie1


Would you prefer they give out their money to those who don't work for them?


Do you think these people actually do work that is actually worth what they are being paid? This just shows how these bankers are screwing the people over.



posted on Dec, 31 2014 @ 07:04 PM
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a reply to: Jamie1

Or maybe a charity foundation in their name for some positive PR but that will never happen



posted on Dec, 31 2014 @ 07:06 PM
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originally posted by: Jamie1


Would you prefer they give out their money to those who don't work for them?

It is embezzlement short and simple, these bonuses are creamed off the share dividend's and that is where they should be going as well as back into the business but we all know these guy's are a law unto themselve's or so they think and as long as they pull the string's the top of corporate and banking finance will continue to remain a corrupt and vile nest of filth.



posted on Dec, 31 2014 @ 07:14 PM
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off-topic post removed to prevent thread-drift


 



posted on Dec, 31 2014 @ 07:21 PM
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Sometimes I wonder if I chose the wrong career.

If I had gone into banking I could have bought and created my own art gallery already!



posted on Dec, 31 2014 @ 07:23 PM
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originally posted by: buster2010

originally posted by: Jamie1


Would you prefer they give out their money to those who don't work for them?


Do you think these people actually do work that is actually worth what they are being paid? This just shows how these bankers are screwing the people over.


Of course they deserve the money. Money doesn't end up in their bank account by luck. Other people and organizations put it there on their own free will. The money had to come from somewhere, right?

Do you have any evidence they screwed anybody over, is it that you've just been brainwashed and don't understand how investment banks work?



posted on Dec, 31 2014 @ 07:25 PM
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originally posted by: LOSTinAMERICA
a reply to: Jamie1

Must be nice to have boobs.


This is derogatory and sexist. Talking about boobs is not relevant to the discussion.

Would you prefer Goldman Sachs give their money to people who don't work for them?



posted on Dec, 31 2014 @ 07:26 PM
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that's all i have to say on that



posted on Dec, 31 2014 @ 07:26 PM
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a reply to: douglas5

Never happen?

$1.6 billion since 2008 according to this page..

www.goldmansachs.com...

Bit hard to take your points seriously when you don't even bother to fact check..

Tall poppy syndrome



edit on 31/12/14 by Chadwickus because: B not M



posted on Dec, 31 2014 @ 07:36 PM
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a reply to: douglas5

You do realize that everything in your world that you use, and that you did absolutely ZERO to earn or produce, like your phone, the internet, Google, your food, where you live, your entertainment, your transportation, just about everything, was made possible by investment banks providing liquidity to the markets and VC money, right?

Do you think there would be any of the technology we take for granted if it weren't for the investment banks you like to demonize?



posted on Dec, 31 2014 @ 07:47 PM
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reply to: Jamie1

And all created out of thin air like magik

I create things ,they shuffle things around



posted on Dec, 31 2014 @ 07:50 PM
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originally posted by: Jamie1


Of course they deserve the money. Money doesn't end up in their bank account by luck.


I have come across Wall Street Investors that say they are entitled to high pay because of the hours they put in and because of the amount of money they are dealing with. They deserve a fair cut of other peoples money pouring into the coffers of Wall Street.

Using this logic, people working 2 or 3 jobs, 14 to 17 hours a day deserve high pay as well?

Using this logic, a bank robber that stakes out a bank, learns the movement of the security officers, the comings and goings of employees and so on, deserves it because he is dealing with a lot other peoples money and put out a lot hours into learning out the layout of the land.

Nevertheless, at the very least, they do not deserve what they get when it is done through collusion and corruption rather than healthy competitive capitalist competition. Anyone with half an eye open that has seen how everyone is a muppet to them to be taken advantage of and knows how things really work will not be swayed by the BS.

The Big Banks are not donating to both parties to be kind. They expect a return on their investment and that money comes from other people's blood sweat and tears consisting of employees and employers.

www.opensecrets.org...

Top Contributors to Obama

Goldman Sachs $1,034,615
JPMorgan Chase & Co $847,895
Citigroup Inc $755,057
US Government $638,335
Skadden, Arps et al $554,439
US Dept of Justice $540,636
IBM Corp $534,470
UBS AG $534,166
General Electric $532,031
Morgan Stanley $528,182



www.opensecrets.org...

Top Contributors to Romney

Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Citigroup Inc $511,199
Barclays $446,000
General Electric $332,875



posted on Dec, 31 2014 @ 07:52 PM
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a reply to: Jamie1

Bless their hearts. And when they lose it all and cause global financial crashes, it is the people who DON't work for them that bail their whining butts out.



posted on Dec, 31 2014 @ 07:56 PM
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originally posted by: jacobe001

originally posted by: Jamie1


Of course they deserve the money. Money doesn't end up in their bank account by luck.


I have come across Wall Street Investors that say they are entitled to high pay because of the hours they put in and because of the amount of money they are dealing with. They deserve a fair cut of other peoples money pouring into the coffers of Wall Street.

Using this logic, people working 2 or 3 jobs, 14 to 17 hours a day deserve high pay as well?

Using this logic, a bank robber that stakes out a bank, learns the movement of the security officers, the comings and goings of employees and so on, deserves it because he is dealing with a lot other peoples money and put out a lot hours into learning out the layout of the land.

Nevertheless, at the very least, they do not deserve what they get when it is done through collusion and corruption rather than healthy competitive capitalist competition. Anyone with half an eye open that has seen how everyone is a muppet to them to be taken advantage of and knows how things really work will not be swayed by the BS.

The Big Banks are not donating to both parties to be kind. They expect a return on their investment and that money comes from other people's blood sweat and tears consisting of employees and employers.

www.opensecrets.org...

Top Contributors to Obama

Goldman Sachs $1,034,615
JPMorgan Chase & Co $847,895
Citigroup Inc $755,057
US Government $638,335
Skadden, Arps et al $554,439
US Dept of Justice $540,636
IBM Corp $534,470
UBS AG $534,166
General Electric $532,031
Morgan Stanley $528,182



www.opensecrets.org...

Top Contributors to Romney

Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Citigroup Inc $511,199
Barclays $446,000
General Electric $332,875




What specifically are the banks colluding on? Keeping interest rates at near historical lows? Pumping billions of dollars into the economy that funds start-ups?

So they donated relative pennies to campaigns. The two campaigns spent over $2 billion, and Goldman Sachs and the other investment banks contributed less than 1%.

Do you have any concrete examples of how you've been screwed over by the banks? Or do you just blah blah blah old anti-bank rhetoric supported by no facts?



posted on Dec, 31 2014 @ 07:59 PM
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originally posted by: Jamie1
a reply to: douglas5

You do realize that everything in your world that you use, and that you did absolutely ZERO to earn or produce, like your phone, the internet, Google, your food, where you live, your entertainment, your transportation, just about everything, was made possible by investment banks providing liquidity to the markets and VC money, right?

Do you think there would be any of the technology we take for granted if it weren't for the investment banks you like to demonize?



If no investment banks existed what would happen?

Prices would deflate due to supply and demand if you do not have the money to pony up.
College Loans, Auto Loans, Medical Bills, Mortgages, these prices would all drop like a rock without the usurious middle men in the way.

It is a way to leech off others a little at a time throughout their life.



posted on Dec, 31 2014 @ 07:59 PM
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originally posted by: Chadwickus
a reply to: douglas5

Never happen?

$1.6 billion since 2008 according to this page..

www.goldmansachs.com...

Bit hard to take your points seriously when you don't even bother to fact check..

Tall poppy syndrome



Trust Goldman Sachs to make a record fine look like a good result

The fine is likely to cost Goldmans between $800m (£470m) and $1.25bn according to a report in The Wall Street Journal over the weekend. Even at the lower end of that range, it would eclipse the largest fine in the investment bank’s history: the $550m settlement agreed with the Securities and Exchange Commission in 2010

www.telegraph.co.uk...

www.bbc.co.uk...

In its lawsuit, the FHFA said Fannie Mae and Freddie Mac bought $11.1 billion of mortgage-backed securities from Goldman, unaware that "significant percentages of the underlying mortgage loans... had materially poorer credit quality than was represented in the registration statements."

www.huffingtonpost.com...





posted on Dec, 31 2014 @ 08:05 PM
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originally posted by: Jamie1


Would you prefer they give out their money to those who don't work for them?


If a company losses 8.2billion there should be no bonuses. That money should be either reinvested into the company to assure that doesn't happen again or that money should be going to the shareholders who invested in tha company.

Rewarding failure seriously WTF.



posted on Dec, 31 2014 @ 08:06 PM
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originally posted by: jacobe001

originally posted by: Jamie1
a reply to: douglas5

You do realize that everything in your world that you use, and that you did absolutely ZERO to earn or produce, like your phone, the internet, Google, your food, where you live, your entertainment, your transportation, just about everything, was made possible by investment banks providing liquidity to the markets and VC money, right?

Do you think there would be any of the technology we take for granted if it weren't for the investment banks you like to demonize?



If no investment banks existed what would happen?

Prices would deflate due to supply and demand if you do not have the money to pony up.
College Loans, Auto Loans, Medical Bills, Mortgages, these prices would all drop like a rock without the usurious middle men in the way.

It is a way to leech off others a little at a time throughout their life.



You just described the pre-industrial dark ages. Do you think the quality of life was better 500 years ago?




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