I remember how the Chicken Littles were squawking hysterically.
Posted on 01/10/2010 8:30:12 AM PST by TigerLikesRooster
JP Morgan to pay $29 bn in salaries and bonuses: Report
10 Jan 2010, 1549 hrs IST, PTI
LONDON: World's biggest banks will pay out more than $65 billion in salaries and bonuses over the next fortnight, with banking conglomerate JP
Morgan Chase alone likely to shell out a record $29 billion, barely a year after the bailout of the banking system.
"JP Morgan Chase is set to defy calls for constraint over bankers' bonuses this week when it delivers an expected $29 billion compensation pot for its executives," the Sunday Telegraph reported.
JP Morgan's 220,861 employees are on average set to earn $131,300 for the year, against $100,000 in 2008.
However, top performers in its investment banking arm will be much more highly remunerated.
Quoting analysts, the report said the world's biggest banks will pay more $USD 65 billion to their staff over the next fortnight despite efforts by governments in Europe and the US to restrict excessive remuneration.
(Excerpt) Read more at economictimes.indiatimes.com ...
Ping!
jamie dimon is BO’s favorite banker
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
The List, ping
Why shouldn’t successful traders get boffo bonuses? I am all for it. Reward success.
JP Morgan O-bonus
mmm mmm mmm
Most of our school principals are making this.
I’m still wondering how many taxpayer dollars given to JP Morgan went into carbon trading scams. I know they’re invested but I don’t know the sums.
Mmm ... mmm ... mmmm!
http://www.becoming44.org/content/william-daley-advisory-board-obama-biden-transition-project
William Daley - Advisory Board: Obama-Biden Transition Project
Peter Gosselar - Posted on 11 November 2008
Daley was Commerce secretary in the Clinton administration and before that was chair of the administration’s task force on the North American Free Trade Agreement (NAFTA). During the 2000 campaign, he was the chairman for the Gore-Lieberman effort. He is the youngest child of former Chicago mayor Richard J. Daley and brother of current Chicago mayor, Richard M. Daley. Daley is the current Midwest chairman for J.P. Morgan Chase, a company where eight employees donated more than $150,000 to Obama’s joint fundraising committees in amounts of $10,000 or more, more than four times the federal limit for a donation to an individual candidate. He serves on the board of directors of Abbott Laboratories and Boeing and was previously listed as a director of Boston Properties Inc., a real estate investment firm.
Geez Mag, your seem to find SO much information So easily, one would think that government and banking was just full of corruption ;~)
God help us!
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=n00009638
Barack Obama (D)
Top Contributors
University of California $1,591,395
Goldman Sachs $994,795
Harvard University $854,747
Microsoft Corp $833,617
Google Inc $803,436
Citigroup Inc $701,290
JPMorgan Chase & Co $695,132
Time Warner $590,084
Sidley Austin LLP $588,598
Stanford University $586,557
National Amusements Inc $551,683
UBS AG $543,219
Wilmerhale Llp $542,618
Skadden, Arps et al $530,839
IBM Corp $528,822
Columbia University $528,302
Morgan Stanley $514,881
General Electric $499,130
US Government $494,820
Latham & Watkins $493,835
*sigh*
President Obama Calls JP Morgan (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC) Executives “Fat Cats” that “Don’t Get It”
December 13th, 2009 • Related • Filed Under • by admin
Filed Under: Government and Legislation
President Obama and his team of economic advisors lashed out at large-cap banks calling bank executives “fat cats” that “don’t get it” in a move that will certainly escalate tensions between the nation’s largest banks ahead of a meeting between the White House and industry executive.
Mr. Obama, speaking just one day before tomorrow’s meetings with the heads of top banks at the White House, said that he would attempt to convince bankers to free up more credit for businesses, in hopes of boosting job growth during an interview to be broadcast on CBS’ “60 Minutes” program.
During his interview, President Obama expressed frustration with banks that the government provided assistance to, including JP Morgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and others.
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” said Mr. Obama.
the world's biggest banks will pay more $USD 65 billion to their staff over the next fortnight despite efforts by governments in Europe and the US to restrict excessive remuneration.
Take your restriction attempt and shove it. This is Capitalism euro-weenies and it's not your bidness to say what's "excessive". And ditto to the commies in the US congress.
in before the comments demanding slave labor
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” said Mr. Obama.
YOU LIE!
“Why shouldn’t successful traders get boffo bonuses? I am all for it. Reward success.”
I would agree if that’s what it were. Unfortunately, it isn’t.
BO is taking everybody’s money and giving it to his friends. His relationship to these money men is that of Charlie McCarthy to Edgar Bergen.
Looking back at Ohaha's campaign, everything he said was a lie. Thankfully the media latched onto his "transparent healthcare-debate-on-C-Span" lie.
As Fox's Charles Krauthammer once said: "Everything Ohaha says comes with an expiration date."
Who can forget? Marxist Ohaha duping voters, saying, “I want to be another Reagan.”
1. "Obama criticized pork barrel spending in the form of 'earmarks,' urging changes in the way that Congress adopts the spending proposals. Then he signed a spending bill that contains nearly 9,000 of them, some that members of his own staff shoved in last year when they were still members of Congress. 'Let there be no doubt, this piece of legislation must mark an end to the old way of doing business, and the beginning of a new era of responsibility and accountability,' Obama said." -- McClatchy, 3/11
2. "There is no doubt that we've been living beyond our means and we're going to have to make some adjustments." -- Obama during the campaign.
3. This year's budget deficit: $1.5 trillion.
4. Asks his Cabinet to cut costs in their departments by $100 million -- a whopping .0027%!
5. "The White House says the president is unaware of the tea parties." -- ABC News, 4/15
6. "Mr. Obama is an accomplished orator but is becoming known in America as the 'teleprompt president' over his reliance on the machine when he gives a speech." -- Sky News, 3/18
7. In early February, the 2010 census was moved out of the Department of Commerce and into the White House, politicizing how federal aid is distributed and electoral districts are drawn.
8. Obama taps Nancy Killefer for a new administration job, First Chief Performance Officer -- to police government spending. But it surfaces that Killefer had performance issues of her own -- a tax lien was slapped on her DC home in 2005 for failure to pay unemployment compensation tax on household help. She withdrew.
9. The picture of Obama and Hugo Chavez shaking hands.
10. Bowing to royalty.
READ REST HERE http://www.nypost.com/seven/04252009/postopinion/opedcolumnists/100_days__100_mistakes_166177.htm?page=0
Not to forget----Ohaha and his WH team micromanaged every aspect of Dem Corzine's Nov 2008 race---he and Biden campaigned in the state several times. The NY Times reported:
(a) every TV ad Corzine put on the air was screened by Obama's WH team.
(b) Corzine's aides gave the WH daily briefings.
(c) Obama’s pollsters took over for Corzine’s polling team,
(d) White House operatives were on the ground for internal strategy sessions,
(e) White House operatives were orchestrating obscure pep rallies with Latinos (kept secret from voters),
(f) Ohaha campaigned in the state three times, Biden was there twice.
(g) Ohaha TV ads ran relentlessly in costly NY media markets.
(h) The crooked NJ Democrat Machine was also running at warp speed.
The New Jersey race was considered a "squeaker" that would go on till all hours. But two hours after the polls closed, the Repub was declared the winner with a comfortable 4-point margin (would have been higher were it not for Dem voter fraud).
Where was all this stoic capitalsism uber alles crap when we were bailing out the banks?
I remember how the Chicken Littles were squawking hysterically.
Every time you call him Ohaha I laugh. LOL.
Hold it....I want clawback on their worthless bonus program!
Oops, wrong JP Morgan.
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