2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: carranza2 who wrote (31099)	3/17/2008 11:03:20 AM
From: TobagoJack	Read Replies (2) of 217551

just in in-tray qote Do you happen to know how much they distributed in bonuses? As to the question of why did they take the deal: They had to because under US bankruptcy law, all the bonuses paid out 90 days before bankruptcy have to be returned. Cayne outsmarted Bernanke by appearing to "accept" only $250 million. The reality is they all get to keep the billions of bonuses which they would have lost otherwise. So add several billion to the price. Of course, these billions are all paid by US taxpayers so JPM comes out ahead too. It is only us poor saps who pay US taxes that suffer and/or the ones who do not yet understand what is happening. unquote

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