MemeStreams | MemeStreams Discussion

Create an Account

This page contains all of the posts and discussion on MemeStreams referencing the following web page: Now We Really ARE Screwed. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Now We Really ARE Screwed
by noteworthy at 2:36 pm EDT, Mar 21, 2009

Henry Blodget:

If the "TARP bonus" bill the House passed today becomes law, any of the hundreds of thousands of people who work for Citigroup, Bank of America, AIG, and nine other major US corporations will have to fork over 90 cents of every bonus dollar that puts their household income over $250,000.
That's household income, not individual income. If you're married and filing singly, you'll have to surrender anything over $125,000. Indefinitely.

Paul Graham:

It will always suck to work for large organizations, and the larger the organization, the more it will suck.

Barry Ritholtz:

This current generation is pretty much fucked.

RE: Now We Really ARE Screwed
by Decius at 8:21 am EDT, Mar 23, 2009

noteworthy wrote:
Henry Blodget:
If the "TARP bonus" bill the House passed today becomes law, any of the hundreds of thousands of people who work for Citigroup, Bank of America, AIG, and nine other major US corporations will have to fork over 90 cents of every bonus dollar that puts their household income over $250,000.
That's household income, not individual income. If you're married and filing singly, you'll have to surrender anything over $125,000. Indefinitely.

What a load of crap. This person barely understands the bill. There are systemic problems with the system of bonus compensation at these banks. I'm sure there are many nice people who are effected who are not personally responsible for the financial meltdown, but the sympathy plea is just so tone deaf!

Take away the bonuses, and the financial class has no safety net.

Cry me a fucking river!

$250,000 is a decent chunk of change (though, trust me, it doesn't buy that great a lifestyle in New York).

Doesn't buy that great a lifestyle in New York? Thats FIVE TIMES the average annual salary in the city.

If they want to endear the American public to an alternate solution than this 90 percent tax they seriously need to cut this "if I'm not a millionaire how will I ever survive" crap. No one buys that.