Thursday, October 30, 2008
Face Bigelow #80 - Bonus Check
This bailout money looks like it is well spent.... If you are on the hook to receive bonuses from the bailed out companies.
Bailed out banks ordered to reveal executive compensation.
I thought Wall street teaches us not to throw good money after bad, so why is it that the market is rallying when the government is the one throwing the money? Do we think that these investments can't go bad now that the feds (the regulators) are part of the institution? I'm really confused. To me it just looks like the federal government has now tied itself to the boat anchor these executives threw overboard.
Title: Bureau of Bailout
Big: Hey Victor. Here is your bonus check...
Victor: Bonus? I thought we almost went bankrupt last quarter?
Big: This is your bonus for getting that bailout money from the Bureau Of Bailout.
Big: Now we just have to figure out how to survive this quarter after we spent the money on bonuses. Will you ask BOB for our next installment? It could mean another bonus!