Wednesday, February 11, 2009


As Sam Stein points out on the Huffington Post, two "Wall Street firms that received at least $60 billion in government bailout funds will be rewarding their financial advisers with controversial retention payments, the terms of which one senior executive described as "very generous" in audio obtained by the Huffington Post."
"There will be a retention award. Please do not call it a bonus," said James Gorman, co-president of Morgan Stanley. "It is not a bonus. It is an award. And it recognizes the importance of keeping our team in place as we go through this integration."
They take our money but they have no concept of "owing" the American people anything; it's still "party time" as far as this Wall Street scum is concerned. Someone needs a serious bitch-slapping!

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