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Goldman Sachs Pay Out $111 Million in Bonuses.

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posted on Dec, 16 2010 @ 05:51 PM
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Unbelievable, but true.



www.dailymail.co.uk...



Goldman Sachs bosses are to pick up $111million in bonuses in an 'outrageous' pay deal that flies in the face of the worst recession for 80 years.

The investment banks' chief executive Lloyd Blankfein and president Gary Cohn will get $24million each under the bumper agreement that will see thousands of others get huge rewards.

The bonuses were agreed in 2008 months before Goldman took $10billion of U.S. bailout money, but due to technicalities there is no way to stop the bank from paying them out


Read more: www.dailymail.co.uk...




posted on Dec, 16 2010 @ 06:19 PM
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I think the monetary system is an embarassment to us as a species. It´s so sick that there are people who can buy entire countries while children are forced to sell sex... If an alien civilization ever laid eyes, or whatever they "see" with, on us... They´d have to conclude we are a horrible accident and wipe us out.

Cheerful I know. But I feel a little bit better!



posted on Dec, 16 2010 @ 07:07 PM
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This is absolutely ridiculous. And what is even more ridiculous is that "the people" still believe in this laughable system and don't realize that they are slaves to printed paper.

Very sad indeed. But it is all about to change soon



posted on Dec, 16 2010 @ 07:09 PM
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reply to post by wcitizen
 


I think they should be made to pay it all back on say, a thirty year plan... a plan that, for the first twenty-odd years, they are only paying back interest... and only gradually at the very end of their payments can begin to pay back the principle.



posted on Dec, 16 2010 @ 07:13 PM
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And people say crime doesnt pay.. Looks like it pays quite well..



posted on Dec, 16 2010 @ 07:15 PM
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I'm waiting for someone to defend them. "OMG this is america and you don't work hard enough, these people do and you're just jealous!!1"



posted on Dec, 16 2010 @ 07:28 PM
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They rob the shareholders and the working people of the world blind under the guise of "too big to fail" and then they rub our noses in it at Christmas time when half the people of the world will be lucky to keep the lights on and keep their families warm through the winter.

If there is any justice in the universe these people will end up like their comrade Bernie Madoff, rotting in a prison cell while his own son commits suicide in an act of shame.



Too bad the French stopped making these




posted on Dec, 16 2010 @ 07:32 PM
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I just threw up a little bit in my own mouth . . . and the banksters wonder why we become so jaded.

Lock-n-load, folks . . .

lock-n-load



posted on Dec, 16 2010 @ 07:37 PM
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reply to post by Expat888
 



I know, I'm starting to think the law of karma works in reverse too!

second



posted on Dec, 16 2010 @ 08:20 PM
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It looks like they will have it all, and very soon.
How will they entertain themselves then?



posted on Dec, 16 2010 @ 11:10 PM
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lock-n-load


If it was going to be this easy to sort out this problem it would have been done a long time ago. The breaking of unions and no oversight to the corporate pay structure has fueled this fire. Not too many people dictate their own pay, but the top end of the corporate world has taken this position. Take em out and the next self serving capitalist will just take their place.

Personally I find it reprehensible to work for anyone who thinks they should earn more then the head of state. The fight between socialisms and capitalism has demonstrated good and bad points on both sides. With wall street getting exposed for the scam it is, the lies of 'to big to fail' are sending creaks and groans around the world of an impending collapse. The only thing holding it together are the lies, once they unravel the corruption and greed will fall. When it comes time to rebuild these are important lessons for a stronger foundation.



posted on Dec, 16 2010 @ 11:16 PM
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If you are not a shareholder of the company what exactly is your problem?

They paid back the government with interest a long time ago.



posted on Dec, 17 2010 @ 12:28 PM
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reply to post by wcitizen
 


Hold on a minute, if thousands of people getting these bonus' means around 6 thousand, then that means everyone gets a $20,000 bonus which I find is quite reasonable to be honest.

I think that people seem to identify the negatives



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