Goldman CEO, 6 others forgo 2008 bonuses

Goldman Sachs Group Inc said on Sunday its Chief Executive Lloyd Blankfein and six other top officials will not get bonuses for 2008.

[disgusting]

Are people suppose to be impressed?These people are already millionairs!

[Money]

Congratulations to America on the recent reduction of the Money Supply.

It would appear that the United States of America has reduced the total money supply by nearly 40% as early as 2006. Though the money supply does continue to grow at a rate of nearly 7% per year.

What does it mean?

1) It means that the stock market will drop quite significantly.
2) It means that the price of houses will also drop quite some.
3) It means that many a overpaid employees will see a reduction in their salary.
4) It also means that the Dollar should appreciate against major currencies.

One should note, it is still worth something, the house, the car, the tv, the computer.

Price of House 1900 20,000
Price of House 1970 100,000
Price of House 2006 1,000,000
Price of House 2009 400,000

Price of Car 1900 5,000
Price of Car 1970 10,000
Price of Car 2006 50,000
Price of Car 2009 30,000

Money Supply 1900 50 Billion
Money Supply 1970 600 Billion
Money Supply 2006 10,500 Billion
Money Supply 2009 8,000 Billion

http://www.federalreserve.gov/releases/h6/dis...

[JaxRes]

Aren't these the same execs who recently went to Washington seeks a bail out, yet were quickly sent home after a senator asked who arrived via commerical flight. THEY ALL FLEW TO DC ON PRIVATE JETS to seek "help" from the taxpayers! One of them quickly tried to explain that it was for "security reasons." Whatever! Who would even know who they were if seen on a commercial flight! They have gotten filthy rich off of middle America, and aren't willing to really change their lifestyles a bit. I don't believe this crap about forgoing anything. They'll be creative and call it something else, but they'll get paid! You can believe that!!!!!

[Mr Logic in Jax]

Money wrote:

Congratulations to America on the recent reduction of the Money Supply.
It would appear that the United States of America has reduced the total money supply by nearly 40% as early as 2006. Though the money supply does continue to grow at a rate of nearly 7% per year.
What does it mean?
1) It means that the stock market will drop quite significantly.
2) It means that the price of houses will also drop quite some.
3) It means that many a overpaid employees will see a reduction in their salary.
4) It also means that the Dollar should appreciate against major currencies.
One should note, it is still worth something, the house, the car, the tv, the computer.
Price of House 1900 20,000
Price of House 1970 100,000
Price of House 2006 1,000,000
Price of House 2009 400,000
Price of Car 1900 5,000
Price of Car 1970 10,000
Price of Car 2006 50,000
Price of Car 2009 30,000
Money Supply 1900 50 Billion
Money Supply 1970 600 Billion
Money Supply 2006 10,500 Billion
Money Supply 2009 8,000 Billion
http://www.federalreserve.gov/releases/h6/dis...

Please provide source of your numbers, they are not adding up, or down depending on how you look at them.

[Mr Logic in Jax]

JaxRes wrote:

Aren't these the same execs who recently went to Washington seeks a bail out, yet were quickly sent home after a senator asked who arrived via commerical flight. THEY ALL FLEW TO DC ON PRIVATE JETS to seek "help" from the taxpayers! One of them quickly tried to explain that it was for "security reasons." Whatever! Who would even know who they were if seen on a commercial flight! They have gotten filthy rich off of middle America, and aren't willing to really change their lifestyles a bit. I don't believe this crap about forgoing anything. They'll be creative and call it something else, but they'll get paid! You can believe that!!!!!

No those were the Auto exec’s who came in on Private jets.

It is all PR, but what is so sad is the majority of American’s buy all this crap. Wealth envy is such a powerful weapon and those politicians in Washington are experts in using.

Why don’t those politicians give back all the money they have received form these businesses for campaigns?

[JaxRes]

Mr Logic in Jax wrote:

<quoted text>
No those were the Auto exec’s who came in on Private jets.
It is all PR, but what is so sad is the majority of American’s buy all this crap. Wealth envy is such a powerful weapon and those politicians in Washington are experts in using.
Why don’t those politicians give back all the money they have received form these businesses for campaigns?

Great point. You're right. I guess if the politicians stay busy pointing the finger people won't be looking at them.

[Mr Logic in Jax]

JaxRes wrote:

<quoted text>
Great point. You're right. I guess if the politicians stay busy pointing the finger people won't be looking at them.

So you have noticed that too. Whose fault is it?
It is the Presidents
It is the mean rich
It is the middle class
It is those smelly people who visit the capitol in the summer
It is the Republicans
It is the Democrats
It is the Tax payers

It is Big Oil
It is Global warming
It is China
It is Walmart

Let me see, whom are we missing?

Anyone?

I know the 435 power hungry, money grubbing, elitist who make the laws and spend the money!

[JaxRes]

Mr Logic in Jax wrote:

<quoted text>
So you have noticed that too. Whose fault is it?
It is the Presidents
It is the mean rich
It is the middle class
It is those smelly people who visit the capitol in the summer
It is the Republicans
It is the Democrats
It is the Tax payers
It is Big Oil
It is Global warming
It is China
It is Walmart
Let me see, whom are we missing?
Anyone?
I know the 435 power hungry, money grubbing, elitist who make the laws and spend the money!

You're on today. Preach it, brother!

[Ex-Vol in FL]

Mr Logic in Jax wrote:

<quoted text>

Let me see, whom are we missing?
Anyone?
I know the 435 power hungry, money grubbing, elitist who make the laws and spend the money!

Isn't it funny how we endorse and vote for candidates but revile elected officials? Surely there must be some good, decent members of Congress. I honestly don't know how they get people to run for office, given the fact that, if elected, they are subject to our wrath, regardless of what they do.

I once considered running for local public office (not here), but I decided I'd rather have friends.

[Mr Logic in Jax]

Ex-Vol in FL wrote:

<quoted text>
Isn't it funny how we endorse and vote for candidates but revile elected officials? Surely there must be some good, decent members of Congress. I honestly don't know how they get people to run for office, given the fact that, if elected, they are subject to our wrath, regardless of what they do.
I once considered running for local public office (not here), but I decided I'd rather have friends.

No there are some who serve the people and try to do the right thing no doubt. But far to many of those who go to Washington fall into the power trap and to keep there power they start serving themselves and not the people. They are more worried about what they can say they have given to the voters than to admit how much they have and must take from the voters.