Bankers are nervous about the bonuses they are about to get:
Goldman Sachs, JP Morgan Chase and other big banks are bracing for a renewed public and political backlash against their compensation plans as they prepare to unveil multi-billion dollar bonus packages.
Under pressure from government, banks are already saying they will devote the smallest percentage of annual revenues in years to their employees. But the raw numbers will still be big enough to provoke public anger, while also prompting internal dissent from traders and bankers who will see a larger share of their bonuses deferred.
The robbery happened with our money:
Andy Stern, head of the Service Employees International Union, was in broad agreement: “They backed the truck up to Fort Knox in broad daylight. They emptied it out, we rescued them and they get $150bn in bonuses.”
And hot off the presses (though something that is first on the web is not "hot off the presses"…I wonder, does anyone under 40 use that term?):
Andrew M. Cuomo New York’s attorney general, took aim at Wall Street’s looming bonuses on Monday, sending letters to eight of the nation’s biggest banks demanding information on how they structured those payouts.
The letters to the banks — described on a conference call as the original recipients of federal aid — seek “extensive” information on how big the bonus pools are, how they were allocated and what clawback provisions and vesting periods are built in as checks and balances.
Well, that’s nice–but where were all the politicians a few years ago when the greed was everywhere and unrestrained? The answer: lining up to get campaign contributions from the lucky bankers.

