buy low, sell high

[snoboy]

Buy in low.......

 

Sell your high!

[prole]

 

DOW'S UP!

 

[video:youtube]http://www.youtube.com/watch?v=8xTTWHMCXdg

[bstach]

Dead bounce?

[prole]

 

"See ya, wouldn't wanna be ya!"

 

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40.4bn), a substantial proportion of which is expected to be paid in bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

 

Staff at six banks including Goldman Sachs and Citigroup will pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted widespread criticism. The government cash has been poured in on the condition that excessive executive pay will be curbed.--from Guardian 10/17/08

 

 

[bradleym]

"See ya, wouldn't wanna be ya!"

 

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40.4bn), a substantial proportion of which is expected to be paid in bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

 

Staff at six banks including Goldman Sachs and Citigroup will pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted widespread criticism. The government cash has been poured in on the condition that excessive executive pay will be curbed.--from Guardian 10/17/08

 

 

A lot of attention has focused lately on the fat cats in Wall St., but to be honest the majority of those working in the ny financial district are proletarians like yourself. I used to work on Water St., in a major bank, and I know a number of people of modest income/bonus who are being devastated by recent events. Most of them were paid significantly less than 6-figure salaries, and their yearly bonuses were unlikely to be more than 5 figures. They have children, mortgages, credit-card debt, just like everyone else, and their future looks pretty bleak right now. These people were not responsible for 'plunging the global financial system into its worst crisis since the 1929', yet they are the first to pay the price. None of them has a golden parachute...

[prole]

Any of your buddies on this trip? If not, they should probably start a union.

 

First there was the $440,000 American Insurance Group Inc. spent entertaining executives days after receiving an $85 billion lifeline from the Federal Reserve, now it's $86,000 for a hunting trip in England as the faltering company reaped another $37.8 billion in taxpayer funded loans.

 

News of the hunting trip emerged Wednesday as New York Attorney General Andrew Cuomo ordered AIG to do away with golden parachutes for executives, golf outings and parties while taking government money to stay afloat.

 

"Even after the taxpayer-funded bailout of AIG, the company paid hundreds of thousands of dollars for luxurious retreats for its executives, including an overseas hunting party and a golf outing," Cuomo wrote in a letter to the New York-based insurer.

 

 

 

[WylDanimal]

True Aritocrats....Plebs need to march on Wall Street...Take back our money..

 

Although, it would be a long walk from here..

 

BTW...Dow closes back at 8519...Where's the bottom?

[bradleym]

Any of your buddies on this trip? If not, they should probably start a union.

 

First there was the $440,000 American Insurance Group Inc. spent entertaining executives days after receiving an $85 billion lifeline from the Federal Reserve, now it's $86,000 for a hunting trip in England as the faltering company reaped another $37.8 billion in taxpayer funded loans.

 

News of the hunting trip emerged Wednesday as New York Attorney General Andrew Cuomo ordered AIG to do away with golden parachutes for executives, golf outings and parties while taking government money to stay afloat.

 

"Even after the taxpayer-funded bailout of AIG, the company paid hundreds of thousands of dollars for luxurious retreats for its executives, including an overseas hunting party and a golf outing," Cuomo wrote in a letter to the New York-based insurer.

 

 

 

nope, though AIG offered me a job back in 2000, so I suppose some of them might have been. glad i didn't take it, especially as the offer didn't say anything about junkets....instead i came out here for a job in a company that was run into the ground by german executives, not american ones.