Tom Toles by Tom Toles

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  1. dwyant

    dwyant said, 4 months ago

    Only if you’re STUPID!

  2. Anthony 2816

    Anthony 2816Genius_badge said, 4 months ago

    Hey, did you hear that Goldman Sachs employees are getting an average of $400,000 each in bonuses for their work in the last six months?

    Lucky Goldman got all those billions in tax dollars so they can afford to pay bonuses like that.

  3. nomad2112

    nomad2112 said, 4 months ago

    dwyant - apparently we are that stupid ’ cause congress and “The One” just made 700 billion disappear.

    … and Anthony 2816? G S is turning a profit now so stop being so jealous about other people’s income.

  4. Anthony 2816

    Anthony 2816Genius_badge said, 4 months ago

    Their profit was only possible because of the bailout.

  5. dtroutma

    dtroutma said, 4 months ago

    Exactly when in the last 25 years has a U.S. corporation actually had to MAKE any money to pay bonuses, especially to CEOs??? It’s a law of physics called the “Ken Lay Affect”.

  6. Ira Nayman

    Ira Nayman said, 4 months ago

    To my knowledge, Goldman Sachs has returned the stimulus money to the government, so the bonuses it is about to pay are not coming out of stimulus money.

    ALSO: before you lay this at Obama’s feet, it would be wise to remember that the TARP was a Bush creation. Those on the right who are willing to be honest (an admittedly small number, decreasing all the time) might acknowledge this.

  7. dtroutma

    dtroutma said, 4 months ago

    Ira, believe you’re right on both points. I do NOT object to corporations or individuals earning legitimate income, but deregulation really cast a shadow over that premise.

  8. Anthony 2816

    Anthony 2816Genius_badge said, 4 months ago

    Ira, the point is that the people receiving the bonuses are the ones that ground Goldman down to the point that it needed the bailout money to survive. If not for the bailout, Goldman wouldn’t be doing so well now.

    And their reward for nearly destroying the company?

    An average of $400,000 each, on top of their salaries.

  9. Tom

    Tom said, 4 months ago

    In the past 30 years they’ve gotten big enough to move the market, not just trade it. A few million moves at a penny a piece adds up. The strong will dominate the weak when they can. Here they’ve done it and called it a free market. Free does not mean fair. Since we worship power and money, most just want to be in their shoes. Much safer than hitting a 7-11. Skim millions and its not even a crime. Win on the downside and the upside. Just tell them its the free market. Losses, just get the taxpayers to cover them.

  10. M Henri Day

    M Henri Day said, 4 months ago

    Perhaps, leaving aside such issues as corruption and peculation, something is fundamentally wrong with an economic system in which most of the rewards go not to those who produce useful goods and services, but to those who «manage» (to their own profit, fo course) the medium of exchange….

    Henri

  11. vhammon

    vhammonGenius_badge said, 4 months ago

    I recommend the Matt Taibbi article in Rolling Stone: The Great American Bubble Machine. It is an eye opener on how Goldman Sachs blew up the economy and will proceed to do the same again by creating a upcoming carbon bubble.

  12. Anthony 2816

    Anthony 2816Genius_badge said, 4 months ago

    Is that available online, Vhammon?