On Jan 23, 2009, at 11:13 AM, Julio Huato wrote:
Shane Mage wrote:
Yes there is [disagreement among Fred, raghu, and me
on whether the goal is to prop up banks or bankers.]
Cite us then. Or let Fred and raghu speak for themselves. Or re-read
the thread.
_
I didn't say *your* [own]goal. I said *the* goal of the actually
existing bailout.
This from todays NYT:
"According to a report in The Financial Times on Thursday, Merrill
granted $3 billion to $4 billion in bonuses in December — part of a
total compensation budget of $15 billion for the year that was just
slightly less than that of 2007.
The year-end bonuses were approved by Merrill’s compensation committee
just days after shareholders approved the merger and days before Bank
of America was made aware of Merrill’s stunning fourth-quarter losses.
The news of the rushed bonuses almost prompted Bank of America to pull
out of the deal and ultimately required the Treasury to provide an
extra $20 billion, as well as a guarantee on billions more in
potential losses."
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos
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