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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (13179)1/30/2009 5:18:43 AM
From: ElsewhereRead Replies (1) of 24758
 
Obama did not criticize bonuses but the bonus/performance ratio. NYSE brokers/dealers accumulated losses of $35 billion in 2008. The reward were $18 billion of bonuses. Furthermore the criticism is targeted at companies receiving TARP funds, i.e. taxpayers' money. Example: $4 billion bonuses for MERry executives who managed to terminate the independent existence of their company. Acquiring company BAC was TARP-supported with $45 billion (so far).
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