Tag Archives: Bonuses

When Do Our Bankers Get Their Scolding?

The right wing in the US likes to joke about the weakness and effeminate nature of Europeans but at least those Europeans are taking principled stances on banker bonuses and the selfish financial industry in general. On Friday, the President of the European Central Bank addressed them: Mr Trichet said financial institutions should be using […]

Two Americas: One for us, another for bankers

America #1: … this fall, she exhausted all options. She had once owned and overseen a group home for homeless people. Now, she succumbed to that status herself, checking in to a shelter. “No one could have told me that in a million years: I’d wake up in a homeless shelter,” she said. “I had […]

'Counting the money'

Yesterday I quoted Matt Taibbi on Goldman Sachs: Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, right under the noses of the USDA: this is exactly the same thing, […]