Here's the important graph from this:
Wall Street didn’t help its case by paying out billions in bonuses in a year when the industry loss billions of dollars. The Wall Street Journal reported that “from 2002 to 2008, the five biggest Wall Street securities firms paid an estimated $190 billion in bonuses. Those companies churned out $76 billion in combined profits during the same period. Last year, the companies had a combined net loss of $25.3 billion, yet paid bonuses of roughly $26 billion.”
So it's easy. We start seizing assets of all people who received money from financial institutions in the form of bonuses going backwards until we have enough to pay for the bailout.
Tuesday, March 03, 2009
A Simple Solution
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment