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Re: http://www.financialweek.com/apps/pbcs.dll/article?AID=/20081028/REG/810289970

Posted by Joe on November 14, 2008 at 12:19 AM

In Reply to: http://www.financialweek.com/apps/pbcs.dll/article?AID=/20081028/REG/810289970 posted by JK (the other JK) on November 13, 2008 at 6:38 PM

They have reserved $108 billion out of their revenues for bonuses. Not $108 billion out of the $125 billion bailout.

So while I understand your point that the bonuses are ludicrous for a bank that has gone down the crapper. And the bonuses wouldn't exist if the bank folded without the bailout. It's not entirely accurate to say $108 of the $125 is going to bonuses.


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