What If The Bankers Gorged On A Record $144 Billion In Bonuses And No One Noticed
Jan 14, 2011 at 7:54 PM
DailyBail in Wall Street Bailout, bank bonus, banks, banks, bonus, compensation and bonus, gerald celente, taiwanese animation, video, wall street, wall street

New Slideshow - From Time Magazine - See a pic of Bernanke at age 13, hair slicked back, playing the saxophone - This is a True Must See 


Video:  Those crazy Taiwanese animators are back!...

Trust me, this is a brilliant clip.  This is how the rest of the world sees the Wall Street bailout. 

Don't forget what Bill Black has been making very clear the past few weeks - The payouts are based on fictional FASB accounting, leading to fictional profits, and billions in bonuses for bank executives running the scam.

Covering up the losses had three real (carefully unstated) purposes: (1) permitting evasions of the PCA [Prompt Corrective Action law], (2) allowing the banks to remove themselves from the strictures of the TARP program even if they are, in reality, insolvent, and (3) allowing insolvent and impaired banks to pay their senior executives huge bonuses on the basis of the (fictional) income that results when a bank does not recognize its losses.

Bill Black's Latest: The Banks Are Still Insolvent, And Obama Is Not Only Covering It Up, He's Taking Credit!

Wall Street bonus payouts will be $144 billion for 2010 - NYT


Video: Gerald Celente on bonus madness...

Text from youtube - While millions of Americans are unemployed and the national debt is soaring, it seems top financial executives are far from feeling the pinch.  A recent Wall Street Journal survey estimates they'll receive a staggering $144 billion dollars in compensation and benefits this year.

Trend forecaster Gerald Celente says Americans are failing to react to the payouts, because the financiers' fanbase in the mainstream media is distracting public opinion.





Slideshow - From Time Magazine - Inside Bernanke's World


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