Goldman Sachs to pay biggest bonuses in 140 years

I guess you can file this under “someone’s loss is someone else’s gain.”

According to the Observer newspaper in London, Goldman Sachs is now poised to pay the biggest staff bonuses in the company’s 140-year history. With other investment banks driven out of business, Goldman and other survivors have much less competition and are making record profits.

“Staff in London were briefed last week on the banking and securities company’s prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever,” the Observer reports.

“Barclays Capital, Credit Suisse and Deutsche Bank are among the European firms expected to register bumper profits, along with US banks JP Morgan and Morgan Stanley following the near collapse and government rescue of major trading houses including Citigroup, Merrill Lynch, UBS and Royal Bank of Scotland.

In April, Goldman said it would set aside half of its £1.2bn first-quarter profit to reward staff, much of it in bonuses. It is believed to have paid 973 bankers $1m or more last year, while this year’s payouts are on track to be the highest for most of the bank’s 28,000 staff, including about 5,400 in London.

Critics of the bonus culture in the City said the dominance of a few risk-taking investment banks is undermining the efforts of regulators to stabilise the financial system.

Vince Cable, the (British) Liberal Democrat treasury spokesman, said: “The investment banks more than any other institutions created the culture of excessive leverage, excessive risk and excessive bonuses that led to the downfall of the financial system. Now they are cashing in and the same bonus culture has returned. The result must be that we are being pushed to the edge of another crash.”

179 comments Add your comment

DB, Gwinnettian

June 22nd, 2009
7:37 am

Why? Because we can! now bugger off, groundlings!

Bud Wiser

June 22nd, 2009
7:45 am

“With other investment banks driven out of business, Goldman and other survivors have much less competition and are making record profits.”

Duh.

Suppose that would have worked in America as well for the thousands of banks, auto makers, all failing enterprises, etc., etc., that Obowo propped up with trillions of OUR dollars?

Morons.

Spend your way out of bankruptcy – Economic Failure 1000000001.

Morons.

I Report :-) You Whine :-(

June 22nd, 2009
7:46 am

Most of these people have low base salaries and are paid bonuses according to their job performance.

But I wouldn’t expect some socialist to know that!

eewwww

TnGelding

June 22nd, 2009
7:48 am

The shareholders are being ripped off again. Market cap is down 40% in last two years for GS. I’m thinking the bonuses will be curtailed.

Hank Paulson

June 22nd, 2009
7:48 am

Can’t touch this!

You Americans are idiots.

TnGelding

June 22nd, 2009
7:50 am

That depends on what your definition of low is.

Redneck Convert

June 22nd, 2009
7:51 am

Well, I sure hope Obama takes over other beer warehouses. If my co. can get the others under his control, I might could get enough bonus to buy a new double-wide and a humongous pickup truck. This Private Innerprize can be great if you can get guvmint involved and you’re in a co. that don’t need guvmint help. Have a good day everybody.

I'm ruled by Andy

June 22nd, 2009
7:55 am

The holeshot roadside stand where I work doesn’t pay any bonuses.

ewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

Turd Ferguson

June 22nd, 2009
7:55 am

Ah yes…the democrats will be up in arms over this. Crying and whining about bonus’ paid to the undeserving whilst kids are starving in compton and how they work very hard at McDonalds drive-thru and also deserve a bonus.

Tonite the Democrats will be cry cry crying in their pillows because “IT ISNT FAIR…” WAAAAAHHH!!!!!

TnGelding

June 22nd, 2009
8:00 am

Bud Wiser

June 22nd, 2009
7:45 am

GS took “bailout” money as well:

http://www.youtube.com/watch?v=Ek7zc0lJxbM

Paul

June 22nd, 2009
8:02 am

Mrs. Godzilla – ummm, my concerns were with the Obama Administration and the President, specifically, following the law (the one he consponsored).

So, no, my concerns about the checks of the Congress balancing out the Executive’s disregard of lawful process have not been alleviated.

Didja hear Bill Maher this weekend say Democrats are the New Republicans? LOL! How’s the headache now? Migraine level?

Now for today’s topic: Goldman Sachs to pay biggest bonuses in 140 years

What do you expect when Democrats take over Congress and the White House?

Bill Maher? Hello?

mike

June 22nd, 2009
8:02 am

Well, as the large bonuses that were paid in previous years were blamed on Bush, surely these same critics will hold Obama accountable for this, particularly as his administration has far more influence over Wall Street than the previous administration.

Paul

June 22nd, 2009
8:03 am

Missed the lead-in sentence above:

[[Unfinished business from when I was away: from the IG firing – Spock Logic Paul, Have your concerns about those checks and balances been addressed to your satisfaction now.]]

Mrs. Godzilla – ummm, my concerns were with the Obama Administration and the President, specifically, following the law (the one he consponsored).

mike

June 22nd, 2009
8:03 am

Paul –

“Didja hear Bill Maher this weekend say Democrats are the New Republicans?”

Well don’t you understand that the only people who are allowed to be rich are Maher and his friends? All other rich people are “greedy”.

I Report :-) You Whine :-(

June 22nd, 2009
8:08 am

Mr. Obama’s June 4 speech in Cairo did not reshape the Islamic landscape. I was in Saudi Arabia when Mr. Obama traveled to Riyadh and Cairo. The earth did not move, life went on as usual. There were countless people puzzled by the presumption of the entire exercise, an outsider walking into sacred matters of their faith. In Saudi Arabia, and in the Arabic commentaries of other lands, there was unease that so complicated an ideological and cultural terrain could be approached with such ease and haste.-WSJ

Yeah, stop butting into their politics, you goons.

jt

June 22nd, 2009
8:11 am

It is dissapointing to see the citizens of Iceland showing more courage than Americans.
I bet you that the “tassle-loafed” crooks shy away from that place.
Regardless, why is this a suprise? Goldman Sachs can invest in even MORE riskier schemes now knowing that the profits are theirs but any loss is the taxpayers.
A damn good gig.

Road Scholar

June 22nd, 2009
8:26 am

Did these same employees pay for the losses they suffered in previous years? Were are the checks (pun) and balances?

I rule Andy

June 22nd, 2009
8:27 am

No need to butt into anybody’s politics, we just need to bomb them into submission, send in some ground troops and sacrifice a couple thousand of our young soldiers, and “plant the seeds of democracy”, then sit back and let them “greet us with flowers”… No?

ewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

I rule Andy

June 22nd, 2009
8:29 am

Yes Mike,
And when the mullahs give way to the street protests Obama will go down in history as the president who defeated the Iranian Theocracy…

Joe Matarotz

June 22nd, 2009
8:31 am

The Democraps are doing their best to ignore it but gasoline prices have risen for 54 straight days. Today, gasoline prices dropped three tenths of a cent, breaking the 54 day streak. I’m feelin’ that relief in my wallet already.

Jay, where’s that Bookman indignation calling for the president to do something? Jay? Jay? ANybody in there? I get it. You only blame Republicant administrations. You are just too fair and balanced.

Capitalist at Heart

June 22nd, 2009
8:39 am

Well, it sure is a pleasant surprise to see that our President Obama is actually a Republican. No socialist liberal would ever let the free market system determine how much to pay those folks. Come to think of it, they would not even allow these companies to exist without being at least majority owned by the state.

Bosch

June 22nd, 2009
8:48 am

Paul,

Good morning and:

“What do you expect when Democrats take over Congress and the White House?”

I know that’s a joke.

Um, when Bush gave Goldman their bailout – did he put in stipulations to pay us back?

RW-(the original)

June 22nd, 2009
8:49 am

I guess you can file this under “someone’s loss is someone else’s gain.”

It really would be nice if you used the Wordpress feature that let’s you file stories under various categories.

Bosch

June 22nd, 2009
8:49 am

Joe,

When since the inception of the automobile has gas prices NOT risen during the summer?

Pennsylvanian

June 22nd, 2009
8:50 am

I Rule Andy @ 8:43
That was true during the W administration, but only because W was in the pocket of the oil companies and allowed it to happen. Why hasn’t POTUS Obama stepped in and stopped this annual ripoff? I paid $2.859/gal to fill my little Mustang with premium yesterday. I want action from this administration now. Or they also in the tank with the oil companies?

Bosch

June 22nd, 2009
8:53 am

Pennsylvanian,

What’d ya’ pay this time last year?

Redneck's cuzzin Insane Jane

June 22nd, 2009
8:58 am

Goldman Sachs having a banner year? This is jes like when that turribul storm destroyed the Shrimpin Industry in all of ByYou LaBattry, leaving only Forrest Gump’s boat The JenNAY to collect all the Shrimp!

Capitalist at Heart

June 22nd, 2009
8:59 am

A good CEO does whatever it takes to maintain his salary and bonuses and perks. It’s the capitalist way.

A quarter of U.S. employers have eliminated matching contributions to employee 401(k) retirement plans since September to save money amid the economy’s downturn, according to research released on Monday.

DB, Gwinnettian

June 22nd, 2009
8:59 am

Joe @ 8.31, Penn @ 8.50, to echo what others have posted, yes, gas prices rising in late-spring/early summer is not especially shocking, given historical pricing data I’ve seen.

As for current prices, yeah, the 6/15/09 weekly average was $2.63/gallon. 6/16/008 it was $4.00/gallon; 6/18/07, $2.97; 6/19/06, $2.79… somehow I don’t think people are going to take to the streets over this.

Normal

June 22nd, 2009
9:00 am

Good morning world, and what a wonderful world it is…Our Government has been 100% sucessful in keeping dragons from invading America…That’s one positive thing we should celebrate!!

Sane Jane

June 22nd, 2009
9:00 am

I really have to tip my cap to Redneck Convert. A newfound respect for his craft – it ain’t easy translating one’s language & cultural references into Idjit-speak.

Pennsylvanian

June 22nd, 2009
9:03 am

What does it matter how much I paid last year? Do I get a refund? If POTUS controls prices at the pump, what’s he waiting for?

Bosch

June 22nd, 2009
9:09 am

Pennsylvanian,

Got hyperbole?

Road Scholar

June 22nd, 2009
9:09 am

Pennsylvanian: use regular, or a blend. It’s cheaper! Oh, it’s a FORD; probably have to use high test?

Bosch

June 22nd, 2009
9:10 am

Normal,

And zebras. Notice, there are no wild hoards of zebras running around. Things are good AND I just finished a big bowl of cheesy shrimp grits – so things are even better!

Capitalist at Heart

June 22nd, 2009
9:11 am

What is all this negativity about gasoline prices. How do you folks expect companies like Morgan Stanley and Goldman Sachs to make money anyway. They had to start buying up and even leasing storage facilities to hold their oil purchases and other refined products because there was just so much easy money to be made. That’s the way free markets work, after all. Don’t you folks know anything about commodities trading.

Sane Jane

June 22nd, 2009
9:12 am

Don’t these deadbeats still owe the US 3 billion dollars? (given away courtesy of Hank “I used to run Goldman” Paulson?)

I’m curious why there’s not more outrage. A billion dollars here, a billion dollars there… sooner or later, it adds up to real money!

Sane Jane

June 22nd, 2009
9:13 am

Anybody who drives a Pusstang forfeits their right to yap about gas prices.

Paul

June 22nd, 2009
9:14 am

Hey Bosch

[[What do you expect when Democrats take over Congress and the White House?”

I know that’s a joke.]]

Shhhh… you’ll spoil the fun!

In answer to your question, I do think so. At least, now that things seem to be more stabilized and the stress tests are done the paybacks are occurring.

Fast forward: paybacks are a fact of life, financial controls have some effect (RW-the original – I understand one control requires institutions that originate mortgages to keep at least part of the mortgage for the life of the loan instead of selling them all off – that’s gotta be a good thing, right?) US automakers are making money and the gov’t leaves them alone, the Bush national security policies continue…

and disgruntled Dems dump Obama, who runs on the Rep ticket.

I’m just not in much of a serious mood. Too much fun spillover from Father’s Day.

Hey, that Krauthammer thread (for the record, I think he’s a tad bit too forceful on the Iran thing, but the Pres could do more to state American values without naming sides)… did anyone wonder why, if the protesters don’t care all that much what we think, did anyone answer why their signs are in English?

RW-(the original)

June 22nd, 2009
9:15 am

So after years of wailing about Bush and his oil cronies sticking it to us and being told to elect Democrats to put an end to that the Democrat answer now is that this is just normal?

Let’s hope the electorate starts to remember these things.

Bosch,

I’m regretting this even as I type, but what the he!! happened with those grass hockey scores yesterday that let the US team move on?

Paul

June 22nd, 2009
9:16 am

Bosch

Good mood – all that, plus, tonight Texas takes on some team from someplace called Louisiana in the College World Series. The last game of the semis was great.

oldmac

June 22nd, 2009
9:16 am

Hey bedwetters, while the poor car company bosses and the union thugs where trying to get hooked up to the “big teat,” the GS guys rolled up their sleeves and made the best of it. Just because it’s over YOUR paygrade doesn’t make it wrong. My dad always told me not to look in someone else pocket.
BJ

Bosch

June 22nd, 2009
9:17 am

Paul,

So, Goldman IS paying us back? If so, then I personally have no problem with bonuses, but if I were a stockholder, I’d be very cautious as to how they are throwing around the money.

NotObama

June 22nd, 2009
9:17 am

Hey someone has to make the big bucks in order to pay the oppressive taxes Obama and crew have proposed. What are we up to 13 days and 12 trillion spent? We can’t afford this now, let alone without the EVIL rich, Jay.

Normal

June 22nd, 2009
9:17 am

Bosch…We gotta get our good feelin’ where ever we can, otherwise all of these whiners will cramp our high…Just sayin’. Cheesey shrimp grits for breakfast, huh…dammit, now that’s southern!

Pennsylvanian

June 22nd, 2009
9:18 am

Pusstang? My, my, I thought ladies hated the P word. Stock Mustangs run happily on regular, but who wants a stock Mustang? For the record, I am not complaining about gasoline prices. I can afford it. I wanna see POTUS do something about it.

Sane Jane

June 22nd, 2009
9:19 am

In unrelated news, while watching the 30-year-old comedy fave “Trading Places” for the umpteenth time this weekend, the classic “sell the contracts high before you buy’em low” switcheroo with Frozen Concentrated Orange Juice bit FINALLY made sense to me! I understand now!

Only stupid me was impeded by not realizing you can sell a contract before you’ve actually bought it.

Bosch

June 22nd, 2009
9:21 am

RW,

I’m as dumbfounded as you are. I couldn’t believe it. I should have more confidence in the home team. Dusty would probably say that if I loved my country more, I would have the confidence needed.

I really couldn’t believe it, it happened EXACTLY as mathematically as it could – but I’m really glad they move on. All I’ve got to say is BRING ON SPAIN!!!

DB, Gwinnettian

June 22nd, 2009
9:22 am

Pennsy gave us:

If POTUS controls prices at the pump, what’s he waiting for?

RW said:

So after years of wailing about Bush and his oil cronies sticking it to us and being told to elect Democrats to put an end to that

Setting aside the straw-mannish nature of these posts, and that neither of you have provided a single example of someone claiming (or even “wailing!”) that the POTUS personally controls gasoline prices—you do recognize the difference between 4 dollars per gallon and $2.63, yes?

Sane Jane

June 22nd, 2009
9:22 am

Just teasin’ ya, PA.

And for the record, it’s the C U Next Tuesday word that gets us all riled up.

Bosch

June 22nd, 2009
9:23 am

Normal,

I may not like biscuits, peach cobbler, or even sweet tea, but cheesy shrimp grits are as good as it gets.

Bosch

June 22nd, 2009
9:24 am

Hey Paul!

I’m glad you had a happy Father’s Day – enough to still be high, huh? What’s baseball?

Bosch

June 22nd, 2009
9:26 am

Paul,

I’m a doofus, you didn’t even mention baseball in that post, I was trying to be funny and it didn’t work. I need more caffeine.

So, is Goldman paying us back?

Pennsylvanian

June 22nd, 2009
9:26 am

SJ – Thanks for the laugh! Gotta go do some real work. Later, all.

Bosch

June 22nd, 2009
9:27 am

Kamchak, if you come around –

Man, I owe you an apology. I’m still shaking my head in amazement at how the star aligned.

Kamchak

June 22nd, 2009
9:29 am

Bosch

Oh ye of little faith!

I rule Andy

June 22nd, 2009
9:31 am

Seasonal adjustments are part of capitalism and life. Oil companies making RECORD profits while people wait in line for gas like what happened last year is unethical profiteering.

TnGelding

June 22nd, 2009
9:31 am

Joe Matarotz

June 22nd, 2009
8:31 am

I think it has peaked, but wake me if it hits $3.

Question

June 22nd, 2009
9:32 am

Change we can believe in, yeah right — only if the numbers support your position!!!

NYT/CBS Stock Pro-Obamacare Poll With Obama Voters
By Noel Sheppard (Bio | Archive)
June 21, 2009 – 13:22 ET

Realizing that Barack Obama’s healthcare initiative has hit some roadblocks in Congress, the good folks at CBS News and the New York Times figured they’d help it along by creating a new poll on the subject that WAY oversampled people who voted for Obama.

Paul

June 22nd, 2009
9:36 am

Bosch

[[So, Goldman IS paying us back? If so, then I personally have no problem with bonuses, but if I were a stockholder, I’d be very cautious as to how they are throwing around the money.]]

If you were a stockholder, you’d be sorely disappointed… stockholder influence (even a block of’em, witness the latest GE meeting with their multimillion dollar guy with stock worth about a fifth of what it was when he took over) sounds good in college textbooks….

The baseball – again, it’s the college-level with the drive and the energy and the love of the game. Not the full of themselves pros.

‘nuther topic: for all the ‘you fearmongers have been reading too many fiction novel’ posters:

[[DUBAI (Reuters) - If it were in a position to do so, Al Qaeda would use Pakistan's nuclear weapons in its fight against the United States, a top leader of the group said in remarks aired on Sunday.]]

Wait, aren’t the posters the same ones since January who accept AQ would do that and that’s why we need to get tough in Pakistan and Iran really really is trying to get a nuke and they just might be dangerous… hmmm, January, January…. why did so many minds change in January?

TnGelding

June 22nd, 2009
9:38 am

Pennsylvanian

June 22nd, 2009
8:50 am

The oil companies don’t decide what we pay for gas:

http://www.usatoday.com/money/industries/energy/2008-05-24-gas-breakdown_N.htm

DB, Gwinnettian

June 22nd, 2009
9:38 am

Sane Jane

June 22nd, 2009
9:38 am

Maher was correct, by the way – Democrats are the new Republicans. The GOP has run so far to the right, they’re in CrazyTown. Democrats are simply occupying the newly vacated center-right position.

(somebody has to accept all those campaign contributions from lobbyists, you know, especially now that the remaining GOPers are mostly untouchably toxic)

Turd Ferguson

June 22nd, 2009
9:39 am

Congrats to all GS employs who are receiving a Bonus!! GOOD JOB!!

USinUK

June 22nd, 2009
9:40 am

Bosch and Jane –

GS was one of the companies announced last week that repaid their federal loans … jsyk. that’s why they can give these bonuses – because they’re no longer under the agreement

RW-(the original)

June 22nd, 2009
9:43 am

Bosch,

That stuff Paul’s talking about isn’t baseball. For it to be baseball you have to be able to hear the crack of the bat, but all you hear is PING every time anybody hits the ball in what he’s talking about.

Db,

Ummmm a buck thirty seven?

And you can’t possibly be serious about needing to provide examples of people blaming Bush in the past. A google search would likely return so many results it would set my computer on fire.

USinUK

June 22nd, 2009
9:44 am

Paul –

“The baseball – again, it’s the college-level with the drive and the energy and the love of the game. Not the full of themselves pros.”

we may not agree on much, but boy-howdy am I with you on this one … and why limit it to baseball??? football and basketball, too!

getalife

June 22nd, 2009
9:47 am

Paulson made sure they will never lose.

Buffet already made a billion on his deal because he knew it was fixed.

At least Buffet said to raise his taxes and they should.

Normal

June 22nd, 2009
9:49 am

Paul: The baseball – again, it’s the college-level with the drive and the energy and the love of the game. Not the full of themselves pros.
———-
I go down to my local ball fields and watch the youngsters play…talk about your love for the game…Just sayin’
————-
So, Goldman IS paying us back? Don’t know and don’t care…can’t control ‘em, and don’t do business with ‘em…Just sayin’
——————-
Gas prices…NOT: Don’t care…my budget calls for 15.00 a week for gas and that is what I have done for the past three years. My drive is from “A”, home to “B”, work. any other stops I have to make are within “A” to “B”…If prices go down or if I get a raise, then maybe I’ll go outside the line. They are getting nothing extra from me…Just sayin’.

getalife

June 22nd, 2009
9:50 am

LSU vs Texas for the college baseball championship tonight.

That’s right, Florida will not win this one.

Geaux Tigers.

LSU.

LSU.

LSU.

Normal

June 22nd, 2009
9:52 am

USinUK, I’m going to Austria in late July and trying to figure a way I can get to London on the way back…hope I can make it work!

Normal

June 22nd, 2009
9:53 am

Getalife, well, at least LSU can play baseball…just sayin…;>)

Right on Right

June 22nd, 2009
9:54 am

Gas prices go up in the summer-uh yeah thunderheads!!! But not at a 54 day straight clip!!!! You would think the fuzzy-wuzzy clouds inside of libs heads would clear. But then again that would make the world a better/safer place. Walking around inscircles is so much more fun to watch. Oh yeah, Obamination crowd Good to see job creation is going as planned. Even by the most lib of forecasts,unemplyment will stay in the double digits for at least for another year!!! Stimulate that!!

USinUK

June 22nd, 2009
9:56 am

Normal –

“USinUK, I’m going to Austria in late July and trying to figure a way I can get to London on the way back…hope I can make it work”

no way – we’re going next week … where are you goin??? we’re off to S’burg with a side trip to Bergesgarten (spelling probably off the charts on that one) and the Eagle’s Nest.

let me know if you can wing through London – would be MORE than happy to help with suggestions! :-)

DB, Gwinnettian

June 22nd, 2009
9:56 am

Ummmm a buck thirty seven?

…times 15 gallons for a typical mid-size sedan’s gas tank, times however many times you fill up? Not a trivial sum for some.

Anyway if your point about those who blamed Bush, personally, for high gas prices last summer, is that people have been known to post rash, stupid stuff on the internet that reflects a complete lack of grasp of larger issues, sheesh, get in line!

Must run. Later, all.

USinUK

June 22nd, 2009
9:59 am

“But not at a 54 day straight clip!!!! You would think the fuzzy-wuzzy clouds inside of libs heads would clear. But then again that would make the world a better/safer place. Walking around inscircles is so much more fun to watch”

ohferchrissakes … first of all, you have unrest in the middle east. THAT makes prices rise. secondly, OPEC has been announcing for months that they won’t increase production, THAT makes prices rise. lastly, during the summer months, you have increases in consumption, THAT makes prices rise.

additionally, I don’t know if you’re read the papers, but there’s a whole lotta piracy going on in the shipping lanes where the oil comes from – THAT is going to cause an increase in prices, as well (especially all the crap that’s going on in Nigeria).

I know this may come as a surprise to some of you, but prices aren’t determined by the BP station down on Highway 41. sheesh.

Normal

June 22nd, 2009
10:01 am

USinUK: Going to Graz, on business…learning some new repair stuff..

USinUK

June 22nd, 2009
10:01 am

oh, and as for the “not at a 54-day clip” – what were you, in a COMA last summer??? last year, gas prices started rising on 11 Feb and didn’t stop until mid-June – more than 120 days of increases, you numpty

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

I rule Andy

June 22nd, 2009
10:01 am

Yeah, libs walk in circles and “conservatives” march lockstep in a straight line to hell… It’s going to take more than 6 months to recreate all the jobs W threw away, and the world is most definately NOT a safer place thanks to George W Bush taking his eye off the ball and allowing the Taliban to resurge, while he was off declaring “Mission Accomplished” and starting wars of choice…

Next!

ewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

USinUK

June 22nd, 2009
10:02 am

Normal –

have a great trip!! I’m looking forward to seeing the mountains … give me a town with a river next to a mountain and I’m in paradise!!

Linville

June 22nd, 2009
10:05 am

TnGelding

June 22nd, 2009
8:00 am

GS and JPM did take money, because they were forced to. They’re paying it back as quickly as the government will allow. A good friend works for JPM, he (and every other employee) got an email from Jamie Diamond saying that the Fed called them in to a room and told them they had to take the money, otherwise the weak would look weak if they took it.

If I held shares in GS I would be angry at the payouts. Shareholder value is down 40%; that isn’t the perscription for high bonuses. So, I’d be all over their board to force a change in the bonus formula to include a stock price factor in the calculation.

Otherwise, it’s a free enterprise system and GS has the right to pay the bonuses.

But I’d probably sell their stock!

Normal

June 22nd, 2009
10:06 am

UsinUk: I know just the place…in Kentucky. My Old Kentucky Home…

Paul

June 22nd, 2009
10:10 am

RW-(the original)

[[all you hear is PING every time anybody hits the ball in what he’s talking about.]]

They have these neat little things that fit in your ear, makes everything louder!!!

USinUK 9:44

Actually, it isn’t limited – football and basketball are two other fine examples!

getalife

I figured my post would be a good way to find out if you were in today…

:-)

Oh, and it’s ‘go home after two games, LSU’

You have a seriously good team this year – it’ll be a great finale.

I Report :-) You Whine :-(

June 22nd, 2009
10:10 am

Thursday in Arizona, however, was the 14th consecutive day to stay below 100 degrees. That’s the longest stretch of its kind in any June since 1913.

duh.

RW-(the original)

June 22nd, 2009
10:12 am

Paul,

I’d hate to think about how loud that insidious PING would be with one of those ear thingies installed.

TnGelding

June 22nd, 2009
10:13 am

Linville

June 22nd, 2009
10:05 am

I understand the government is still holding warrants:

http://www.forbes.com/feeds/ap/2009/06/17/ap6556265.html

The small stockholders get screwed, as ususal. I guess it’s our own fault for not attending the meetings and making our voices heard.

I rule Andy

June 22nd, 2009
10:13 am

Of course, the SCIENCE predicts cold places to get hotter and hot places to get cooler in the whole global warming thing.

Thanks for bolstering that and helping to prove it’s true.

duh

AmVet

June 22nd, 2009
10:14 am

“Didja hear Bill Maher this weekend say Democrats are the New Republicans?”

That Maher is now saying this confirms one thing; he is really, really behind on that observation. (Along with most of America.) I and others have been saying this for a long while. Especially as it applies to the new president.

Which is why I find it endlessly amazing, but disheartening, to see the faithful in each camp contend so vociferously that their “side” is the good one and the other “side” is the bad one.

Two party tyranny and a de fact duopoly is what they have created. With the American people being complicit.

They are NOT the lesser of two evils, they are evil of the two lessers.

The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That’s the only difference. ~Ralph Nader

The R/D Party own the vast majority of the American voters and the voters work for them. And the electorate is too (fill in the blank) to even realize it or care.

But trust me, the RNC and DNC know it and they keep counting on you to do and say nothing…

USinUK

June 22nd, 2009
10:18 am

Paul & RW –

I’m not a baseball player, but I remember reading somewhere that aluminum bats were actually bad for the batter .. ??? something about not having the same kind of give that a wooden bat has – is that true?

and, of course, I’m sure we all agree that astroturf is the spawn of satan.

Right on Right

June 22nd, 2009
10:18 am

I was reponding to an earlier comment which said it was normal for prices to jump in the summer.I was stating that under normal circumstances yes gas prices to go up,but obviously these are not normal circumstances. just responding to very blanket statement. As far as employment I guess it was naive to think we might see better results or even flatline. But to see un-employment rise was not what I was expecting. I guess more taxpayer monies will be needed-not good.

Normal

June 22nd, 2009
10:27 am

USinUK, PAUL, RW: Yep. aluminum bats are bad for you, but colleges were trying to cut costs…no more replacing broken bats. But with our technology, just to save a few trees, you would think that they could come up with a good composite material for bats like they do floors…

I'm ruled by Andy

June 22nd, 2009
10:27 am

Global warming means it’s going to get colder outside.

Aren’t eye uh genius?

ewwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

Normal

June 22nd, 2009
10:30 am

and, of course, I’m sure we all agree that astroturf is the spawn of satan.
——————–
I’m thinking of installing it in my yard…gettin’ too old to mow the acrage and wouldn’t have to worry about rain. Blow off the leaves…sweet!

USinUK

June 22nd, 2009
10:31 am

Normal –

“But with our technology, just to save a few trees, you would think that they could come up with a good composite material for bats like they do floors”

haha … how about whiffle ball??? no shoulder or wrist injuries and it’ll be a pop-up-alooza!

RW-(the original)

June 22nd, 2009
10:32 am

USinUK,

Aluminum bats aren’t really bad for the batter if you mean healthwise, but they hinder a player’s progress because they mask flaws in a player’s swing that they should work on and in that respect they’re bad for the batter.

They’re bad for pitchers too since it doesn’t do much good to come in on somebody’s hands so you see pitchers that nibble too much instead of throwing strikes.

USinUK

June 22nd, 2009
10:32 am

normal – as long as you don’t need to go sliding into your front door or do a lot of sprinting to your mailbox, you should be fine ;-)

USinUK

June 22nd, 2009
10:34 am

RW –

ah. thanks for that – I could’ve sworn that I read that it was bad for the batters’ wrists and shoulders because the impact is so much worse than with wood …

AmVet

June 22nd, 2009
10:39 am

Yes, aluminum bats, fake grass, the detestable DH and the collusion between owners, corporations and the prima donna players are all abominations to the Lord.

But baseball remains the true religion…

getalife

June 22nd, 2009
10:40 am

The class war was won because the people never showed up.

Well, there were teabaggers supporting corporate but Nadar was right about Obama.

I think the only good coming from the gop is saying no to dem spending.

Of course, the gop are best at destroying the economy and country.

RW-(the original)

June 22nd, 2009
10:45 am

USinUK,

I guess it could be a shoulder/wrist kind of problem in the youth leagues. What really hurts doesn’t matter what kind of bat is your hands. It’s when you really take a rip and hit nothing but air.