The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: ChanceIs	12/18/2008 12:11:59 PM
	Read Replies (4) of 306849

Credit Suisse to Use Illiquid Assets to Pay Bonuses >>>I don't think this was put up yet. I don't think that the dark matter is worthless - just worth 1/2 and very difficult to value. One might say that the employees got the shaft, got what they deserved having created the stuff, or got an extremely valuable option. I would wonder why they got any bonus at all but they aren't a US bank.<<< By KATHARINA BART ZURICH -- Credit Suisse Group said Thursday it will use its own illiquid assets such as mortgage-securities to pay senior staff at its investment bank year-end bonuses. The Zurich-based bank plans to pool its illiquid assets such as commercial mortgage-backed securities and leveraged loans it cannot sell because demand has seized up, then dole out portions of the entity to managing directors and directors.

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