Friday Links
Bloomberg Asks for Patience on M.T.A. Plan [NY Times] Reyna Breaks With a Formidable Patron [NY Times] It’s Plaza Sweet on Schermerhorn Street [NY Post] Artists Transform Fort Greene Laundromat [NY Daily News] Arby’s Opening Soon in Fulton Mall [NY Daily News] Sustainable Living Structure for Flatbush Building? [Brooklyn Paper] Guerilla Marketing Campaign for 23rd…
Bloomberg Asks for Patience on M.T.A. Plan [NY Times]
Reyna Breaks With a Formidable Patron [NY Times]
It’s Plaza Sweet on Schermerhorn Street [NY Post]
Artists Transform Fort Greene Laundromat [NY Daily News]
Arby’s Opening Soon in Fulton Mall [NY Daily News]
Sustainable Living Structure for Flatbush Building? [Brooklyn Paper]
Guerilla Marketing Campaign for 23rd Street Project [Brooklyn Eagle]
“Pokey” Award for Slowest Bus Presented [Gothamist]
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Dave, I can’t believe you still try to reason with imbeciles. I commend you for that but come on! Don’t you have something else to waste your time on???
StevieB, as they say…”If you can’t beat em, join em”. I say start applying to GS and Citi and just ride the gravy train.
Brokedeveloper…free drinks makes for strange bedfellows. I’m sure even steie and I will have fun over a few margaritas.
GS needed AIG’s bailout money.
2009 as well. Their 3Q IB #’s were not good either….all driven by trading. You know as well as anyone else, volatility is good for trading if you know what you’re doing. Its not good for 401k’s.
Risk drives capitalism, and it is a good thing, but risk taken in the form of derivatives and other complex financial instruments has proven over and over again that it is net destructive. When the fallout comes, the individuals involved have mostly made their money. Middle class workers get crushed.
We really need financial industry regulation. Major regulation. Akin to what insurance companies have. The financial industry can serve our economy well when properly policed. When it is not properly policed, it goes out of control.
As an aside – I work in the financial industry.
Hopefully my arguments will not destroy the good will generated by offers of free tequila!
Can I have a bonus?
After the fact, it appeared that GS did not need any of the bailout money afterall.
I’m not arguing against pay restrictions on top management of companies that still have TARP money but pay restrictions on the “producers” in the trenches is a different story.
Pay ’em or lose ’em. That’s why Citi sold Phibro.
We’re talking about 2009 bonuses now, not 2008 bonuses. There may be some reasons to argue the Merrill 2008 bonuses but that’s ancient history now.
Focus on the present and the future. Focusing on the past is why so many missed one of the largest stock market moves in recent history.
“>>Remember, the top 5% pay 60% of all taxes.
Except when they steal money from the other 95%”
?? How can that be an exception Stevieb?
GS has been making money trading on the volatility they helped create. Their investment banking profits are actually way down.
They would have been toast without the AIG bailout. They got caught counting on the AIG collateral in all those trades with the company. The public has every right to be angry at individuals making 7 figure salaries “trading” while their small businesses go down the toilet. Not calling for pitchforks or anything like that, but it is still complete BS.
Agree with you that their bonuses are not being paid by the bailout funds, but you have to also agree that these bonuses would not exist without them.