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Banks not that really well off on their own...bankers bonuses uncalled for in ne

By American in Japan   Follow   Tue, 15 Feb 2011, 6:37pm   1,948 views   17 comments
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How well are the banks really doing? It seems like new ones are being closed every month... .

http://www.bloomberg.com/news/2011-01-22/colorado-s-united-western-among-four-u-s-banks-closed-down-by-regulators.html

http://www.ajc.com/business/two-more-georgia-banks-828190.html

http://feeds.bignewsnetwork.com/index.php?sid=386474

http://www.signonsandiego.com/news/2011/feb/18/regulators-shut-4-ga-calif-banks/

http://robertreich.org/post/3353591266

http://finance.yahoo.com/news/Regulators-close-small-Ill-apf-2521062342.html

http://finance.yahoo.com/news/5-banks-shuttered-makes-33-apf-3658067076.html

http://finance.yahoo.com/news/Banks-closed-in-Colo-Fla-Ga-apf-453984856.html?x=0

et. al.

Also bankers are getting large bonuses again.

http://finance.fortune.cnn.com/2011/02/01/bofa-chief-gets-free-pass-on-pay/

http://www.time.com/time/magazine/article/0,9171,2043429,00.html?xid=rss-mostpopularle/0,9171,2043429,00.html?xid=rss-mostpopular

Not to mention Goldman Sachs last year:

http://www.businessinsider.com/bonus-watch-2009-goldman-sachs-pays-huge-bonuses-and-gives-junior-bankers-a-50-salary-raise-2010-1

What have they really done for the economy in terms of adding value? It would seem that banks are only doing better (those that are) since 2008 (1) because of the injection on public money and probably just as important (2) the changes in the accounting system allowing banks to consider properties held as worth bubble peak figures instead of "mark to market". What do you all think?

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1. American in Japan Follow Befriend (28) 149 threads 1,398 comments

   1   3:05am Wed 16 Feb 2011   Share   Quote   Permalink   Like   Dislike   And a good post thanks to justme... http://patrick.net/forum/?p=625485#comment-717673 For those who like to defend the bankers bonuses now, please argue your case.

2. FortWayne Follow Befriend (13) 103 threads 3,768 comments

   2   8:05pm Fri 18 Feb 2011   Share   Quote   Permalink   Like   Dislike   They are the people that print the money that we work for. It's a disgusting system.

3. iwog Follow Befriend (48) 274 threads 12,576 comments 47 male Lafayette, CA Premium

   3   6:23pm Wed 23 Feb 2011   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected   Any free-market advocate who believes that the hardest working Americans are rewarded with the highest pay needs a lobotomy. I get the feeling that the rats are eating as much as they can before the ship sinks.

4. simchaland Follow Befriend (6) 10 threads 1,234 comments Oakland, CA

   4   5:52pm Thu 24 Feb 2011   Share   Quote   Permalink   Like   Dislike   American in Japan says What have they really done for the economy in terms of adding value? These scum sucking vultures have added their excrement and left scraps in the economy for all the "little people" who toil as these scum sucking vultures enrich their bloated rotten bellies. That's the "value" that these leeches have added. They get bonuses for being in "the club." Are you in "the club?" If you have to ask the question, you most certainly aren't. They prop each other up through corporate welfare programs, insider trading, sweetheart deals with politicians they have purchased, and belonging to the right country clubs that don't allow the rabble in (except to clean and serve drinks, for minumum wage, of course). They are the worst of parasites and they suck the life out of our economy. One thing that the parasites should remember. Parasites almost always die with the host. Our country is a walking diseased shell that is pumped full of steroids and prodded with tazers to keep it alive while these parasites feed to their heart's content. At some point, the sick body will die leaving a husk that will encapsulate these scum sucking parasites as they writhe in the grips of death from having killed their host. The only solution to get rid of these parasites is to poison them and cut off their food supply. We must excise the areas of our collective economic body that are infested with these parasites and toss them in a blast furnace until they are completely destroyed so that they may never infect us again. Our collective economic body is on life support and dying fast. If we don't act soon, there will be no hope and we will perish.

5. warblah Follow Befriend 1 threads 39 comments

   5   6:28pm Thu 24 Feb 2011   Share   Quote   Permalink   Like (1)   Dislike   now where is that Andrew Ryan?

6. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,223 comments Premium

   6   9:32pm Mon 21 Mar 2011   Share   Quote   Permalink   Like   Dislike   Protected   If all the nationally chartered banks with residential mortgage portfolios were forced to foreclose and sell all their REO tomorrow, they'd all be bankrupted, dechartered and closed. The executives should be arrested for fraud, convicted, stuffed into wedding dresses and shipped off to supermax prisons to provide, respectively, brides and snacks for neonazi serial killers and cannibals.

7. American in Japan Follow Befriend (28) 149 threads 1,398 comments

   7   9:52pm Mon 21 Mar 2011   Share   Quote   Permalink   Like   Dislike   @Apoclayse, I see your getting a bit more tame than in the past. I agree with this part especially: >The executives should be arrested for fraud, convicted... More Americans should be protesting the pact that this isn't happening more, except so many are caught up with bashing Obama... and watch American Idol or NASCAR.

8. Vicente Follow Befriend (8) 204 threads 4,416 comments Davis, CA

   8   10:38pm Mon 21 Mar 2011   Share   Quote   Permalink   Like   Dislike   The best part about this, is watching all this continuing flood of "cheap money" used to fuel acquisitions. If there's one lesson learned from Too Big To Fail, it's that it WORKS baby. So all the banks who behaved in such slipshod fashion, have used the opportunity to get even bigger and embed themselves further into our flesh. If there were any "free market" all the megabanks would be DEAD and gone. We should have at least made a condition of the bailouts the immediate breakup of the megabanks. Missed opportunity that will not come again unless it's at the end of pitchforks.

9. American in Japan Follow Befriend (28) 149 threads 1,398 comments

   9   12:11am Tue 22 Mar 2011   Share   Quote   Permalink   Like   Dislike   The dumber thing is all of the millions of Americans who think we have a free market system.

10. terriDeaner Follow Befriend (7) 70 threads 1,151 comments

    10   10:31am Tue 22 Mar 2011   Share   Quote   Permalink   Like   Dislike   APOCALYPSEFUCK says The executives should be arrested for fraud, convicted, stuffed into wedding dresses and shipped off to supermax prisons to provide, respectively, brides and snacks for neonazi serial killers and cannibals. Delightful! Oh... wait... will there be soylent red for the conservative cannibals, and soylent green for the liberals? Otherwise there *could* be some hurt feelings!

11. Done! Follow Befriend (4) 159 threads 2,826 comments

    11   9:03am Sat 2 Apr 2011   Share   Quote   Permalink   Like   Dislike (1)   Will there be flogging?

12. bob2356 Follow Befriend 3 threads 2,499 comments

    12   11:22am Sat 2 Apr 2011   Share   Quote   Permalink   Like   Dislike (1)   Tenouncetrout says Will there be flogging? God I hope so, I love a good public flogging.

13. FortWayne Follow Befriend (13) 103 threads 3,768 comments

    13   10:10am Sun 3 Apr 2011   Share   Quote   Permalink   Like   Dislike   American in Japan says The dumber thing is all of the millions of Americans who think we have a free market system. on a certain level it is "free market". It's just not everywhere. Large corporate monopolies, public unions, corrupt politicians..... all of those deter the free market in many areas.

14. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,223 comments Premium

    14   10:32am Sun 3 Apr 2011   Share   Quote   Permalink   Like   Dislike   Protected   Yes with opportunities for Pay for View deals and t-shirt sales to pay down the national debt. Tenouncetrout says APOC

15. American in Japan Follow Befriend (28) 149 threads 1,398 comments

    15   8:33pm Wed 20 Apr 2011   Share   Quote   Permalink   Like   Dislike   This story is ou t... there is little punishment for bankers who were a major cause of this mess: http://finance.yahoo.com/blogs/daily-ticker/another-crisis-coming-long-banks-remain-above-law-153109732.html

16. Vicente Follow Befriend (8) 204 threads 4,416 comments Davis, CA

    16   10:34pm Wed 20 Apr 2011   Share   Quote   Permalink   Like   Dislike (1)   After the S&L crisis there were over 1,000 convictions! The lack of convictions in a much bigger disaster is disgusting. Lady Justice must have been sent to Gitmo.

17. American in Japan Follow Befriend (28) 149 threads 1,398 comments

    17   9:04am Sat 22 Oct 2011   Share   Quote   Permalink   Like   Dislike   Another one bites the dust.... http://finance.yahoo.com/news/Banks-closed-in-Colo-Fla-Ga-apf-453984856.html?x=0