Friday, February 27, 2009

Another Reason To Get The Pitchforks

The other day Cenk Uyger of the Young Turks explained in the "Memebers Only" portion of the show how the top 5 Wall Street Finanacial Institutions lost 25.3 Billion Dollars and then gave out 25 Billion Dollars in bonuses.

Get that the companies lost 25.3 Billion and in the same year they paid 25 Billion in bonuses. If they cut the bonues, they would not have lost any money.

Now we are just talking bonuses here, this is not their full compensation. They would have been paid, they would just not have received their bonuses, and considering the job they had done, no bonuses should have been paid.

If you are not a member of the Young Turks, I would recommend joining so you can have access to the "Memebers Only" portion of the show.

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