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Bear Stearns Bailout To Pay Bonuses?


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2008 Mar 16, 9:32am   27,279 views  300 comments

by Patrick   ➕follow (59)   💰tip   ignore  

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From a reader:

Did everyone forget that Wall St. bonuses get paid in march? The Fed just guaranteed all of Bear's bonus checks will clear, $3+ billion! The company may fail but all the boys get paid.

Wow, is this true? The Fed is now printing money to pay Wall Street bonuses?

An alternate explanation I heard is that Bear is somehow essential to the mechanism for the Fed's money creation, but I don't understand how that works.

Patrick

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298   HeadSet   2008 Mar 18, 9:27am  

TOB,

That footage of the SoCal tent city looks like it was shot with movie film rather than video. How old do you think it is?

299   HeadSet   2008 Mar 18, 9:41am  

I see.

300   KurtS   2008 Apr 8, 4:18am  

sorry, this is a test:
:D :) >:) >:( >D >( >)

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