SliderOnTheBlack.com

Feeling like a chump yet?

You should be.

We all should be.

In case you didn’t see the news, here’s what Goldman Sachs is able to do thanks to your tax money, Hank Paulson’s $800 billion dollar extortion of Congress, and his money laundering operation also known as “The AIG Bailout.”

http://www.marketwatch.com/story/goldman-sachs-to-pay-out-record-bonuses-report

“Goldman Sachs will pay out record bonuses after an outstanding first half of the year, according to the Guardian newspaper…

Less competition and a jump in revenue from trading foreign currency, bonds and fixed-income products have boosted Goldman’s bottom line, the paper reported Sunday, sourcing Goldman insiders. London staff were recently briefed on the
firm’s prospects and told to expect big bonuses…”

Did you notice that phrase - “less competition.”

When resident Bankster-Gangster in Chief Hank Paulson let Bear Stearns & Lehman fail, he eliminated 40% of Goldman’s competition. Not to mention the profits generated by those who may have had inside information, and who profited on the bear raid - bank run that ultimately led to their demise.

And now Citi, an absolute bloated, bankrupt, black hole… sustained only by your tax dollars, a phony bank stress test, and now legalized Enron style accounting… is giving it’s key employees a big fat 50% pay raise!

http://www.bloomberg.com/apps/news?pid=20601087&sid=akHCO4dj2KJc

June 24 (Bloomberg) — “Citigroup Inc., the U.S. bank that got $45 billion of government funds, will raise base salaries by as much as 50 percent to help compensate for a reduction in annual bonuses, a person familiar with the plan said.

The biggest increases will go to investment bankers and traders, said the person who declined to be identified. Workers in consumer banking, credit cards, legal and risk management will see smaller salary adjustments. The New York-based company also plans to award stock options to try to keep employees after Citigroup’s market value plummeted 84 percent in the past year.

Citigroup joins Morgan Stanley and UBS AG in boosting salaries for executives and employees. Morgan Stanley said last month it will increase base pay for many of the New York-based firm’s top executives and double the pay of Chief Financial Officer Colm Kelleher. “

These sons-a-bitches would be cashing in their 401K’s, trolling Monster.com 24/7, and in many cases, drawing unemployment if it wasn’t for our tax money bailing their asses out.

And don’t tell me about “brain drain.”

Let them try to sell their brownstones in Manhattan, dump the beach house in the Hamptons, and unload their stable of Maybachs and 911 Turbo Cabriolets and run to London. There’s no shortage of derivatives divas, toxic mortgage mavens, CDS shysters, or bankers of any size, shape, or color, anywhere in the world.

Can you imagine the outrage in Congress if GM and Chrysler suddenly gave key management a 50% pay raise, or paid out record bonuses?

Chrysler bond holders (including the Indiana Police & Teachers Pension Fund) got contract law and the capital structure shredded in their face, along with threats from Rhambo to turn the SEC and and the IRS on them if they didn’t roll over. And they got pennies on the dollar, while Goldman, private hedge funds, and offshore foreign banks got paid in full by Hank Paulson’s AIG Money Laundering Operation…

“AIG Bailout Raises New Questions About Goldman”

“AIG Bailout Saved Goldman From Major Loss”

“Goldman’s Back Door Bailout”

The Auto Makers got the boot and the banksters got the loot.

Whodathunkit?!?

And you thought Dick Durbin was kidding when he said the bankers own Congress.

I knew this would happen the day the story broke about Senator Chris Dodd sneaking in the very loophole created by design, to allow this to happen. Chris Dodd is owned lock, stock and barrel by the Bankster-Gangsters, and he tried to sneak this loophole in during the dark of night. I wrote about it on my stock forum at Silicon Investor back in February…

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25417431

2/16/2009 3:48:29 PM
From: SliderOnTheBlack 26 Recommendations

“What did Chris Dodd do?

It’s very simple…

He removed the cap on salaries. Geithner’s plan imposed a $500k salary cap. And Dodd removed it.

And it’s not just “what” he did, it’s “how” he did it.

He snuck his provision in, in the dead of night.

Here’s reality…

The public is raising holy hell, and screaming bloody murder about… “how dare the banksters pay themselves bonuses while they’re writing off billions in losses, and had to have the taxpayer bail them out?”

This anti-bonus mentality isn’t going to go away. These banks are not going to be able to pay top exec’s “bonuses” for a very long time. And with Geithner’s $500k salary cap, the banksters
needed a way to get around these limits, and Dodd just gave it to them.

Dodd didn’t crack down on anybody… he gave them an out.

The banks can now simply raise salaries.

And they can use the “brain drain” and bonus cap excuse to do so.”

The Rolling Stone’s Matt Taibbi wrote a great article back in March titled “The Great Takeover” about this Bankster-Gangster Bailout being a literal coup d’état. The full article is no longer available (I highly recommend buying Rolling Stone Back Issue #1075, or the full transcript) but, you can read a brief introduction from the story here:

http://www.rollingstone.com/politics/story/26793903/the_big_takeover

And you can watch an interview about the story with Matt Taibbi below:

I don’t think there’s any question about America being mad as hell. But, the question remains, how much longer is America going to continue to take it?

SliderOnTheBlack