Mike the Usurper wrote:
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
Excuse me?! You're a bank that just FAILED and, dodging your bankruptcy responsibilities, you've managed to set aside $2.5 BILLION for BONUSES to the people who presided over your FAILURE?
If anyone wants to know why Main Street is pissed off at Wall Street, look no further than this. This is Wall Street saying, "Fuck you!" in giant letters, to Main Street. Main Street is not amused.
Ah but the answer to this is simple. Demand those bonuses go not towards the ignorant twits who made this mess, but towards bailing out the companies, and fine anyone who signed off on anything related to these bonuses after the collapse was announced for negligence.
At least Obama has been saying he doesn't want these people to get bonuses, either.
RE: Fury at $2.5bn bonus for Lehman's New York staff - Business News, Business - The Independent