Wall Street- Bonuses top $20 Billion

[Badseed]

Re: Wall Street- Bonuses top $20 Billion

amen brother Lutz

[fett]

Re: Wall Street- Bonuses top $20 Billion

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Dad? Is that you?

[/ QUOTE ] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] My future is in the bank, and a small trust fund. You guys and gals better think farther than your next guitar. [img]/images/graemlins/smile.gif[/img]

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Sound financial advice from a guy who's home has wheels and a hitch. [img]/images/graemlins/rolleyes.gif[/img]

[/ QUOTE ] I had a "home" and it was going to eat me to death with repairs. And then I sold it for a lot, and I mean a lot, of money. But that is not the point. There is no rational reason why a few dudes can extract that much money out of the economy when there are so many that can't even afford my tralier. Hell, with the cash I got I could buy a really big house. But, I downsized. And I will wait until the market slumps and then buy. Until then, I will buy cheap guitars. [img]/images/graemlins/smile.gif[/img]

[fett]

Re: Wall Street- Bonuses top $20 Billion

Let's see what has happened in the last 5 years of the market. How many companies have gone" bust"? How many stockholders have gone "bust"? How many "Pension Plans" are "bust"? $20 billion for the "good guys" I DON'T THINK SO. [img]/images/graemlins/mad.gif[/img]

[atomic charvel guy]

Re: Wall Street- Bonuses top $20 Billion

my brother is the one who did it too [img]/images/graemlins/wink.gif[/img]
i'd say hold on for about 3 years in the buying a house issue as it will feather down slowly. your atomic tip of the week.

[fett]

Re: Wall Street- Bonuses top $20 Billion

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my brother is the one who did it too [img]/images/graemlins/wink.gif[/img]
i'd say hold on for about 3 years in the buying a house issue as it will feather down slowly. your atomic tip of the week.

[/ QUOTE ] Tommy,me boy, why did you get so rational? You are freaking me out. I think home real estate is the next bubble to pop. And that will bring down the stock market. And then with my vast quantities of bucks, I will go long. [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img]

[Spaceace]

Re: Wall Street- Bonuses top $20 Billion

I do not begrudge anyone their money.This is the way America works and if you learn that trade and work your ass off and get a little lucky you can make that kind of money.Also I do not knock these guys because even for that kind of money That lifestyle does not appeal to me.I am just not a rat race cut throat kind of guy.I like my free time and peace and quiet.My uncle Bruce is a horse trainer in North Carolina and the guy is a multi millionaire...and I do not think he is a better person then these wall street guys.He has just chosen a quieter lifestyle and done the 3 things I mentioned above.I am never going to be a millionaire (short of powerball [img]/images/graemlins/laugh.gif[/img]) but I have a nice life and more then what I need ....really I have to much crap lying around [img]/images/graemlins/laugh.gif[/img].My son is healthy and happy and his college is all taken care of.And in about five years it will be time for him to decide what his lifestyle may be.And if it is wall street millionaire.......I will just buy a bigger place to put all my new stuff [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img]

[atomic charvel guy]

Re: Wall Street- Bonuses top $20 Billion

my brother isn't cut throat either, he's the coolest cat i know. he got his customers by being himself, he worked for it and made his way up the company until he landed at no.2 where he has been stuck for 5 or 6 years now. he started at the entry level in 1979 when i was 13. he cut all his hair off and kicked ass after that. his rise was meteoric. he got this bonus for probably 17 of his 26 or so years dowen there. i'm gonna stop defending the dude, it's kinda gay, but he is the complete opposite of what i have heard so far.
anyone else wanna tell me what my brother is [img]/images/graemlins/laugh.gif[/img]

[Tekky]

Re: Wall Street- Bonuses top $20 Billion

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Dad? Is that you?

[/ QUOTE ] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] [img]/images/graemlins/laugh.gif[/img] My future is in the bank, and a small trust fund. You guys and gals better think farther than your next guitar. [img]/images/graemlins/smile.gif[/img]

[/ QUOTE ]

Sound financial advice from a guy who's home has wheels and a hitch. [img]/images/graemlins/rolleyes.gif[/img]

[/ QUOTE ] I had a "home" and it was going to eat me to death with repairs. And then I sold it for a lot, and I mean a lot, of money. But that is not the point. There is no rational reason why a few dudes can extract that much money out of the economy when there are so many that can't even afford my tralier. Hell, with the cash I got I could buy a really big house. But, I downsized. And I will wait until the market slumps and then buy. Until then, I will buy cheap guitars. [img]/images/graemlins/smile.gif[/img]

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You made money off of selling your house? And then when the market slumps you're going to buy another house? Sounds like you're taking advantage of the market and making money just like Tommy's brother and others. You're just not doing it consistently.

[atomic charvel guy]

Re: Wall Street- Bonuses top $20 Billion

no this is different-lol

[Tekky]

Re: Wall Street- Bonuses top $20 Billion

It's a different context yes, but he's not breaking his back to make any money off the house. He's not working hard for the money, why should he get it. (that seems to be his reasoning)

[fett]

Re: Wall Street- Bonuses top $20 Billion

Probably a real nice guy. But you ask him. "What's the point?" He will tell you: "It's the game". But it fucks everyone else. I am on a "I hate the capitalists rampage". That's only because I had a real chance to turn $2,000 to $280,000. But I doubled my money. And let it go. [img]/images/graemlins/cool.gif[/img]

[SeventhSon]

Re: Wall Street- Bonuses top $20 Billion

My bro works for citibank, lives in hong kong with his family with a live in maid + driver. but i wouldn't trade places with him for all the money in the world. his family is a mess. they are basically divorced in all but name, staying together for the kids who i really feel sorry for.

anyway, everyone here who is defending the wall street *industry* needs to see the PBS frontline episode on the Internet bubble. It reveals what went on behind the scene. Basically a giant legalized pyramid scheme where the bankers were at the top and cashed out at IPO time. You guys really think Jack Grubman and co. deserve their millions?

If they were so good at picking stocks, WHAT ARE THEY DOING WORKING?!?! Because, they are *not* good at picking stocks, they are good at generating commissions on the illusion of getting rich.

Also, you should also see the PBS frontline episode on how citibank, et. al. are introducing unprecedented changes to consumer credit laws. Did you know that they can now raise your interest rate on an existing card because your credit score changed? There are no legal precedents in contract law where one side can unilaterally have the right to change the terms of your contract.

Then there is the frontline episode on OSHA violations where basically a corporation can get away with murder.

Finally, put The Corporation on your Netflix queue.

OK, rant off

[SeventhSon]

Re: Wall Street- Bonuses top $20 Billion

Oh, and don't get me started on corporate bankruptcy laws. Talk about how a millionaires can get a lawyer to help them avoid paying the poor guys that they owe money to. None of this stuff makes the front page, because it doesn't involve OJ, Aruba, or Katrina, but it affects everyone here who works hard to make a buck. And the corporations are paying lobbyists millions to change laws on the books in their favor and we don't know any better.

edit: here are free links to some of the pbs shows. you can watch them online. watch and be disgusted.

http://www.pbs.org/wgbh/pages/frontl...ws/wallstreet/
http://www.pbs.org/wgbh/pages/frontline/shows/credit/
http://www.pbs.org/wgbh/pages/frontl...ows/workplace/

[fett]

Re: Wall Street- Bonuses top $20 Billion

AMEN. Bro [img]/images/graemlins/notworthy.gif[/img] Save all the cash you can. Pensions and 401K's and profit sharing are going to be history. The whole thing is going to be bankrupt. Cash is "King"

[skorb]

Re: Wall Street- Bonuses top $20 Billion

those traders and investment bankers on Wall St work insane hours, under incredible stress, and they are very expendable. believe me, if you have a bad week you are out on the street looking in.

I'd love to make that kind of money but no way I'd put up with that lifestyle. I've found a nice balance.

fett, smoke a bowl or somethin dude, no need to pop a vein over shit you cannot control bro. [img]/images/graemlins/toast.gif[/img]