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CEO Wife: Why Bankers Need Fat Bonuses

A

Anonymous

Guest
This is the Fatcat mentality that bankrupt the country.....Fat bonus's and Golden Parachutes for Failure.. And now they want taxpayer money to pay them with..... :roll:

CEO Wife: Why Bankers Need Fat Bonuses

Monday, August 3, 2009 3:00 PM

By: Forrest Jones



The New York City economy has long thrived on bonuses paid to Wall Street bankers so those perks should continue, said Liz Peek, journalist and wife of Jeff Peek, CEO of the troubled CIT lending institution.


About a fifth of New York State tax revenues and 12 percent of the city's revenues come from the securities industry, Peek said.


And the $30 billion paid in bonuses in 2006 created revenue for New York, New Jersey and Connecticut, Peek added in a column she wrote for the Huffington Post.


“Not only are banking profits essential to the well being of New York, those pesky bonuses play a vital role as well,” Peek said.


“Last year's drop in banking bonuses cost New York State almost $1 billion in tax revenues, while the city saw $275 million go up in smoke.”


The debate over paying executives at bailed out banks continues to grab headlines.


New York Attorney General Andrew Cuomo has released a report finding that bonuses paid to executives at nine banks receiving aid exceeded net income at some banks.


"There is no clear rhyme or reason to the way banks compensate and reward their employees," said the report by Cuomo, according to Reuters.


The government has loaned small-business lender CIT $3 billion to avoid collapsing.
 

Tam

Well-known member
This is why the Wall Street Fat Cats need the bonuses Oldtimer :wink:

Obama Top Fundraiser on Wall Street
Big Banks' Employees Gave Senator $479,000 in 1st Quarter

By Kristin Jensen and Christine Harper
Bloomberg News
Wednesday, April 18, 2007;

Democratic presidential candidate Barack Obama ran ahead of New York Sen. Hillary Rodham Clinton (D) and former New York mayor Rudolph W. Giuliani (R) on their home turf in the first quarter, raising cash from the biggest investment banks on Wall Street.

The Illinois senator raised $479,209 from employees at the banks in the quarter, according to Federal Election Commission filings. Giuliani collected $473,442, and Clinton got $447,625. The figures are based on employers listed by the donors; in some cases, names are incomplete or missing.

Among employees of the top investment banks, Democrat John Edwards took in $193,250, FEC filings show.

The employees of Goldman Sachs and UBS gave Obama more than $260,000 combined. His top fundraisers include David Heller, a managing director at Goldman, and Robert Wolf, chief executive of UBS Americas.
"I've never had a higher hit ratio in terms of asking people for money and them saying yes," said James Torrey, an Obama fundraiser and chief executive of New York-based Torrey Associates, a $1.3 billion fund of funds.

The figures reflect giving from the employees of Bear Stearns, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch and Morgan Stanley, as well as Goldman and UBS. Goldman employees gave about 50 percent more to presidential hopefuls than the next-highest set of givers, at Citigroup.

But by all means blame Bush we know you will. :wink:
 

aplusmnt

Well-known member
Democrats the party of Wall Street.

Wall Street realized that Democrats just can not say no to a Welfare programs so they got in line!
 
A

Anonymous

Guest
Tam said:
This is why the Wall Street Fat Cats need the bonuses Oldtimer :wink:

Obama Top Fundraiser on Wall Street
Big Banks' Employees Gave Senator $479,000 in 1st Quarter

By Kristin Jensen and Christine Harper
Bloomberg News
Wednesday, April 18, 2007;

Democratic presidential candidate Barack Obama ran ahead of New York Sen. Hillary Rodham Clinton (D) and former New York mayor Rudolph W. Giuliani (R) on their home turf in the first quarter, raising cash from the biggest investment banks on Wall Street.

The Illinois senator raised $479,209 from employees at the banks in the quarter, according to Federal Election Commission filings. Giuliani collected $473,442, and Clinton got $447,625. The figures are based on employers listed by the donors; in some cases, names are incomplete or missing.

Among employees of the top investment banks, Democrat John Edwards took in $193,250, FEC filings show.

The employees of Goldman Sachs and UBS gave Obama more than $260,000 combined. His top fundraisers include David Heller, a managing director at Goldman, and Robert Wolf, chief executive of UBS Americas.
"I've never had a higher hit ratio in terms of asking people for money and them saying yes," said James Torrey, an Obama fundraiser and chief executive of New York-based Torrey Associates, a $1.3 billion fund of funds.

The figures reflect giving from the employees of Bear Stearns, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch and Morgan Stanley, as well as Goldman and UBS. Goldman employees gave about 50 percent more to presidential hopefuls than the next-highest set of givers, at Citigroup.

But by all means blame Bush we know you will. :wink:

They went with the winners when there was no doubt in anyones mind- no Repub was going to win any office above dogcatcher in 06 or 08- so why waste putting money down a rat hole... :???:

Historically- Wall Street has backed Republicans....
 

Sandhusker

Well-known member
Oldtimer said:
This is the Fatcat mentality that bankrupt the country.....Fat bonus's and Golden Parachutes for Failure.. And now they want taxpayer money to pay them with..... :roll:

CEO Wife: Why Bankers Need Fat Bonuses

Monday, August 3, 2009 3:00 PM

By: Forrest Jones



The New York City economy has long thrived on bonuses paid to Wall Street bankers so those perks should continue, said Liz Peek, journalist and wife of Jeff Peek, CEO of the troubled CIT lending institution.


About a fifth of New York State tax revenues and 12 percent of the city's revenues come from the securities industry, Peek said.


And the $30 billion paid in bonuses in 2006 created revenue for New York, New Jersey and Connecticut, Peek added in a column she wrote for the Huffington Post.


“Not only are banking profits essential to the well being of New York, those pesky bonuses play a vital role as well,” Peek said.


“Last year's drop in banking bonuses cost New York State almost $1 billion in tax revenues, while the city saw $275 million go up in smoke.”


The debate over paying executives at bailed out banks continues to grab headlines.


New York Attorney General Andrew Cuomo has released a report finding that bonuses paid to executives at nine banks receiving aid exceeded net income at some banks.


"There is no clear rhyme or reason to the way banks compensate and reward their employees," said the report by Cuomo, according to Reuters.


The government has loaned small-business lender CIT $3 billion to avoid collapsing.

And now we've got the fattest of the fat cats as treasury secretary. Man, I'll bet you are torked!
 
A

Anonymous

Guest
Sandhusker said:
Oldtimer said:
This is the Fatcat mentality that bankrupt the country.....Fat bonus's and Golden Parachutes for Failure.. And now they want taxpayer money to pay them with..... :roll:

CEO Wife: Why Bankers Need Fat Bonuses

Monday, August 3, 2009 3:00 PM

By: Forrest Jones



The New York City economy has long thrived on bonuses paid to Wall Street bankers so those perks should continue, said Liz Peek, journalist and wife of Jeff Peek, CEO of the troubled CIT lending institution.


About a fifth of New York State tax revenues and 12 percent of the city's revenues come from the securities industry, Peek said.


And the $30 billion paid in bonuses in 2006 created revenue for New York, New Jersey and Connecticut, Peek added in a column she wrote for the Huffington Post.


“Not only are banking profits essential to the well being of New York, those pesky bonuses play a vital role as well,” Peek said.


“Last year's drop in banking bonuses cost New York State almost $1 billion in tax revenues, while the city saw $275 million go up in smoke.”


The debate over paying executives at bailed out banks continues to grab headlines.


New York Attorney General Andrew Cuomo has released a report finding that bonuses paid to executives at nine banks receiving aid exceeded net income at some banks.


"There is no clear rhyme or reason to the way banks compensate and reward their employees," said the report by Cuomo, according to Reuters.


The government has loaned small-business lender CIT $3 billion to avoid collapsing.

And now we've got the fattest of the fat cats as treasury secretary. Man, I'll bet you are torked!

And the alternative was the guy who's foreign bank is fighting tooth and nail to keep from releasing the records about his FatCat cronies who his bank helped smuggle their Billions $ from the country and avoid paying taxes on...
Remember old Foreclosure Phil Gramm- who McCain had annointed as his probable Treasury Secretary.... :???:

Tell me again how great he was....
 

Sandhusker

Well-known member
If you're going to defend fat cat bankers, why post negetive pieces on them? You need to make up your mind; Are you for them or against them?
 

Tam

Well-known member
Oldtimer said:
Tam said:
This is why the Wall Street Fat Cats need the bonuses Oldtimer :wink:

Obama Top Fundraiser on Wall Street
Big Banks' Employees Gave Senator $479,000 in 1st Quarter

By Kristin Jensen and Christine Harper
Bloomberg News
Wednesday, April 18, 2007;

Democratic presidential candidate Barack Obama ran ahead of New York Sen. Hillary Rodham Clinton (D) and former New York mayor Rudolph W. Giuliani (R) on their home turf in the first quarter, raising cash from the biggest investment banks on Wall Street.

The Illinois senator raised $479,209 from employees at the banks in the quarter, according to Federal Election Commission filings. Giuliani collected $473,442, and Clinton got $447,625. The figures are based on employers listed by the donors; in some cases, names are incomplete or missing.

Among employees of the top investment banks, Democrat John Edwards took in $193,250, FEC filings show.

The employees of Goldman Sachs and UBS gave Obama more than $260,000 combined. His top fundraisers include David Heller, a managing director at Goldman, and Robert Wolf, chief executive of UBS Americas.
"I've never had a higher hit ratio in terms of asking people for money and them saying yes," said James Torrey, an Obama fundraiser and chief executive of New York-based Torrey Associates, a $1.3 billion fund of funds.

The figures reflect giving from the employees of Bear Stearns, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch and Morgan Stanley, as well as Goldman and UBS. Goldman employees gave about 50 percent more to presidential hopefuls than the next-highest set of givers, at Citigroup.

But by all means blame Bush we know you will. :wink:

They went with the winners when there was no doubt in anyones mind- no Repub was going to win any office above dogcatcher in 06 or 08- so why waste putting money down a rat hole... :???:

Historically- Wall Street has backed Republicans....

NO the Wall Street bankers donate to who they feel they are going to get favorable treatment from and Obama was the biggest recipient of those FAT CATS . Sure looks like their donations paid off doesn't it Oldtimer UNREAD BILLS PROTECTING THEIR BONUSES AND NO REGULATIONS TO STOP THEM. Just how many Goldman Sachs past executives now have jobs in Government.
 
A

Anonymous

Guest
Tam said:
Oldtimer said:
Tam said:
This is why the Wall Street Fat Cats need the bonuses Oldtimer :wink:



But by all means blame Bush we know you will. :wink:

They went with the winners when there was no doubt in anyones mind- no Repub was going to win any office above dogcatcher in 06 or 08- so why waste putting money down a rat hole... :???:

Historically- Wall Street has backed Republicans....

NO the Wall Street bankers donate to who they feel they are going to get favorable treatment from and Obama was the biggest recipient of those FAT CATS . Sure looks like their donations paid off doesn't it Oldtimer UNREAD BILLS PROTECTING THEIR BONUSES AND NO REGULATIONS TO STOP THEM. Just how many Goldman Sachs past executives now have jobs in Government.

How many had them in the previous administration?
 
A

Anonymous

Guest
Sandhusker said:
Obama sure seems to be cozy with Goldman Sachs...

GW seemed to like them too....He kicked out his Treasury Secretary (Snow) when he brought up the fact his direction would bankrupt the country if he didn't change-- and replaced him with a Goldman Sachs man (Paulson)-- and they went forward with bankrupting the country..
 

Tam

Well-known member
Oldtimer said:
Tam said:
Oldtimer said:
They went with the winners when there was no doubt in anyones mind- no Repub was going to win any office above dogcatcher in 06 or 08- so why waste putting money down a rat hole... :???:

Historically- Wall Street has backed Republicans....

NO the Wall Street bankers donate to who they feel they are going to get favorable treatment from and Obama was the biggest recipient of those FAT CATS . Sure looks like their donations paid off doesn't it Oldtimer UNREAD BILLS PROTECTING THEIR BONUSES AND NO REGULATIONS TO STOP THEM. Just how many Goldman Sachs past executives now have jobs in Government.

How many had them in the previous administration?
Back to blaming Bush are you Oldtimer if nothing else you are predictable :wink: Face it Obama is in the pockets of the Fat Cat now, and he likes it there as he and the Dems need their money to fund their political futures. He is going to do what ever it takes to keep their donations flowing to his party even if it means faking outrage while protecting their bonuses. :wink:
 
A

Anonymous

Guest
Tam said:
Oldtimer said:
Tam said:
NO the Wall Street bankers donate to who they feel they are going to get favorable treatment from and Obama was the biggest recipient of those FAT CATS . Sure looks like their donations paid off doesn't it Oldtimer UNREAD BILLS PROTECTING THEIR BONUSES AND NO REGULATIONS TO STOP THEM. Just how many Goldman Sachs past executives now have jobs in Government.

How many had them in the previous administration?
Back to blaming Bush are you Oldtimer if nothing else you are predictable :wink: Face it Obama is in the pockets of the Fat Cat now, and he likes it there as he and the Dems need their money to fund their political futures. He is going to what ever it takes to keep their donations flowing to his party even if it means faking outrage while protecting their bonuses. :wink:

Not blaming- comparing....You have to compare oranges to oranges Tam- and the last orange (closer to a lemon in my belief :wink: ) we had to compare Obama with was Bush...

What/who else would you compare to?...
 

backhoeboogie

Well-known member
Bush is not in office at the moment OT

We have big problems and you are worried about history. Get in a time machine and go back to help out Carter. He worked his tail off and didn't achieve much of anything.
 

aplusmnt

Well-known member
Goldman and Sach has had ties to way to many Presidents, Bush included!

But now is now, what is Obama going to do to CHANGE this pattern? NOTHING!

Liberals love to scream about Halliburton, Goldman and Sach is the Antichrist here they have manipulated our economy more than anyone! And now they are in the pockets of the Democrats and the Democrats love that power so they will continue to sell us out to G and S.

Wait until gas is back over $3.00 a gallon this Winter and you will have Goldman and Sach to thank for it!
 

Tam

Well-known member
aplusmnt said:
Goldman and Sach has had ties to way to many Presidents, Bush included!

But now is now, what is Obama going to do to CHANGE this pattern? NOTHING!

Liberals love to scream about Halliburton, Goldman and Sach is the Antichrist here they have manipulated our economy more than anyone! And now they are in the pockets of the Democrats and the Democrats love that power so they will continue to sell us out to G and S.

Wait until gas is back over $3.00 a gallon this Winter and you will have Goldman and Sach to thank for it!

The ONLY "Change" is who is in the Fat Cats pocket. And Oldtimers hate for BUSH is making it so he can't or WON"T see it. Nothing has changed and it never will as long as candidates need the Fat Cats money to keep the power they CRAVE. :roll:
 
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