There is little doubt one of the main motivations for paying back the TARP was to allow firms the flexibility to pay their top people commensurate with their pre-crash expectations and avoid further defections. But will the bonus and spending floodgates really reopen this year in light of a still shaky economic reality? How many of the 10 firms who are now free of the TARP shackles are going to bet that there is no way whatsoever they will need a helping hand from the government if the economy goes back in the toilet? Those that do better be right.
Banks Trade TARP for Bonuses, Debauchery, Jets [Bloomberg]
Comments (11)
Leave a comment
You can log in with your account or comment as a guest below.
greg you are obviously not a player. in order to play and win, you need confidence, and in order to have confidence, you need to forget failures.
tarp is done, there’s grass on the field, lets play.
ANUS!
Jonathan Weil’s article (link above) is barely worthy of a college newspaper, much less for Bloomberg. It’s not insightful nor is it funny or witty. Regardless of your opinion on bankers and bonuses, the article is trite and boring.
Haa Great Read. Maybe retail spending will increase.
Anyone know how the banks are going to buy back these shares? Perhaps dept or other means that would dilute shares?
This fuckin’ guy!
@5 perhaps dept indeed
Greg you didn’t wake up until 9:30 this morning? First post at 10?
@8 and a shaky story with no position based on a very poor bloomberg article
and i dont like the picture either. if you think finance is like poker you should hang with maxine waters rather than write for dealbreaker
[ ] Poker