One bank has the right idea

[Arlos]

OK, I know we're all livid about the banks taking bailout money and then still giving bonuses to people.

But there's apparently at least 1 bank out there that is still giving bonuses, but not in a way that will piss off anyone but those receiving them.

See, what Credit Suisse is doing is paying out 80% of the bonuses not in cash, but in exactly the same kind of junk bonds, trash mortgage assets, etc. that CAUSED this financial mess. Not only does it get those assets off the books of the bank, helping its outlook, it "rewards" those who traded that crap by giving them piles of it.

Needless to say, the employees are supposedly pissed about not getting cash. Tough shit.

Good for Credit Suisse, IMNSHO... heh

article on it here: http://www.cnn.com/2008/POLITICS/12/22/ ... index.html

-Arlos

[brinstar]

there was a story in the paper today about how most of the banks that got bailout money won't talk about it or where it's going. i specifically remember the phrase "we don't keep track of 'dollar in, dollar out' like you think we do."

how can you fucking not??? you're a BANK