No one burns through money like Americans, Part Two

Okay, here's another story you may or may not have seen.

While all the big banks were in big trouble and needing millions and yes, billions of dollars of our government, tax dollars to save their collective butts, these same banks--Goldman Sachs, AIG, Citibank (as Bill Maher refers to them--and that they've earned--"Shittybank"), Morgan Stanley, Bank of America, etc.--they were also handing out many, many million dollar bonuses to their employees.

Check this out:

"At Goldman Sachs, for example, bonuses of more than $1 million went to 953 traders and bankers..."

Do the math.

One million dollars times 953 traders is perilously close to one trillion dollars, folks.

For one company.

One company.

953 employees.

One million dollars each.

Can you even imagine?

One million dollars as a bonus?

On top of your salary?

Where is the perspective?

To continue:

"Even at weaker banks like Citigroup and Bank of America, million dollar awards were distributed to hundreds of workers."

How nice.

"...Morgan Stanley awarded seven-figure bonuses to 428 employees."

Let's see. 953--million--plus 428--million--and pretty soon you're very near one and a half billion dollars in bonuses.

Even though you're company is going to heck in a handbasket, largely due to how the company was handled and choices made in the organization.

This is insane.

This is insanity.

The banks screwed up, big time, by screwing their clients, largely in mortgages and other really ugly vehicles, then they were going down and losing money but they then handed out million dollar bonuses to hundreds and hundreds of employess--after receiving government money to save their butts.

Oh, yeah.

Americans burn through money like no one else.

We've given billions, maybe trillions of dollars, to these banks, to save their collective butts and they turned around and gave million dollar bonuses to hundreds and hundreds of their employees.

As though they'd done a good job.

Link to story:
http://www.nytimes.com/2009/07/31/business/31pay.html?_r=1&th&emc=th