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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (13179)1/29/2009 4:06:32 PM
From: ahhahaRespond to of 24758
 
Let me remind the president that it was the American people who demanded at any cost mortgage money to buy houses. Banks merely supplied that demand. If the banks hadn't and the RE inflation had continued, would Obama pursue banks for failing to provide mortgage money?



To: ahhaha who wrote (13179)1/30/2009 5:18:43 AM
From: ElsewhereRead Replies (1) | Respond to 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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