This one's going out to CChris.

20 Million dollars fer 17 days work before the Company was sold.

Nice work if you can get it.

Be Well.

No luff fer the spudthread?

Wotsa matter?

You folks out of collective outrage by this point?

Be Well.

You wouldn't expect wingnuts to complain about outrageous CEO pay, would you, Spud?

*crickets*

You wouldn't expect wingnuts to complain about outrageous CEO pay, would you, Spud?

Hell no, corporate socialism seems to be okay with 'em mostly.

Spud did think that at least CChris might take a li'l umbrage here but apparently not.

Be Well.

Boo hoo! Everybody's ignoring my thread! Waaaah!

Posted by nullifidian at 2008-09-05 02:21 PM

Alan H. Fishman

Republican cipher.

Wow. Joe went back 3 weeks to find that one. Do I get under his skin or what! lol.

That's a lot of "LOL'ing" for you today, Null Set. What's next, a little "wink face" at the end of your posts?

"spud did think that at least CChris might take a li'l umbrage here but apparently not.

She just hasn't seen it yet.

p.s. Have a nice weekend, Joe ;)

I am sure that he earned every single penny.

Just ask the WaMu shareholders.

Who wrote his contract? I want that guy representing me.

Do I get under his skin or what! lol.

Yup, Nulli totally owns Joe.

If Spud were Nulli he'd try and see about maybe exchanging him fer sommat useful.

^_^

Be Well.

I hear his next job will be as a lobbyist for finance reform.

Yup, Nulli totally owns Joe.

If Spud were Nulli he'd try and see about maybe exchanging him fer sommat useful.

^_^

Even a dead duck is useful.
Cook one for dinner. If it's been dead too long-you can always use it as a door stop.

Or as a Talisman to hang on the door to keep bible-beaters away...

A Joe tho?
Not so useful as all that.
He has one redeeming quality.....

wait for it.......

Damn! I guess I'll have to think about that for awhile......

There's gotta be something!

"earned"?

I hear his next job will be as a lobbyist for finance reform.

MCsame has already made an offer-assistant campaign manager, along with 35 mill Carly.

Dethspud

This one's going out to CChris.

20 Million dollars fer 17 days work before the Company was sold.

Nice work if you can get it.

Be Well.

#1 | Posted by dethspud

Thanks for the thought, Tater! lol

Disgusting isn't it? 20 million for about 3 weeks work and the bank still went bellyup.

I just got back from spending two hours opening up two checking accounts with a local credit union and pulled out most of the money I had in WAMU. Will only leave enough in there to cover a few outstanding checks and then it's "Adios, WAMU/JP Morgan Chase.!"

The lady who opened my accounts with the credit union said she can't believe all the new accounts coming in and many of them were for former INDY bank and WAMU bank depositors. NO ONE trusts the banks anymore -- including me.

I feel much better now getting my money out of banks altogether. More banks are going to go down -- they expect anywhere from 112 to maybe 150 more banks. Who knows, even JP Morgan Chase who just bought WAMU could go under. JP Morgan also bought Bears Sterns so how many failed banks can they absorb without taking a hit themselves??? I don't trust any of them. I think the credit unions are going to see a huge increase in business. I know they just got mine this afternoon.

Cook one for dinner. If it's been dead too long-you can always use it as a door stop.

Hell...even dead duck can be used as bear bait

grok

Make no mistake about it, these payments come off the top of the $700 billion giveaway to the rich. This country has been hi-jacked by NeoCon thugs and pigs. They know the jig is up. Why else would they shit on McCain this week? Their purpose is to have one last feast at the trough.

If you don't let them do it, the world will come to an end. Honest.

Bank Exec Earned $20 Million for 17 Days' Work

I wonder how many jobs this payout created.

I wonder how many jobs this payout created.

Butler, maid, caddy,....

The things we always know about Liberals ....

They are jealous of what others earn

They are envious

They want to punish success

They want to sit on their ass and take money from those who enjoy success

Butler, maid, caddy,....

#21 | Posted by northguy3 at 2008-09-26 11:48 PM | Reply

Canadian?

They are jealous of what others earn

#22 | Posted by vernon

Earning?

At 1,180,000 per day?

Pretty sure it was US$.

Not NT$. Or whatever it is they use in your new country.

Thanks for the thought, Tater! lol

~CChris

Always welcome is Chris.

Thought you might be interested.

Disgusting isn't it?

Disgusting begins to cover it but doesn't go far enuff.

Is positively OBSCENE!

I think the credit unions are going to see a huge increase in business

Spud thinks yer quite correct.

They want to punish success

~Vermin

No shiat-fer-brains, Liberals just don't like rewarding failure.

Gawd, yer dense.

Thick as the proverbial brick is Vermin.

Be Well.

/enuff bloggin' fer one day.
//Is tommorow already.
///The Attack of the Killah Potato is over fer now as Spud sinks slowly back into the good blogearth from whence he sprung, after exiting the Durable and Dependable Drudge Retort, as ya do,
stage left.

Sooo chris what is a credit union, how does it differ from a bank, and who insures it? What you didn't check all that stuff before you opened it?

What you have just done is move from a large depository to a very small one.

If the idiots in Washington DC had any brains at all they would block this ridiculous payment. This is only .04675% of a year. You do the math, is anyone worth that?

I know all about the NCUA, credit unions and their deposit insurance oorah. The woccu has nothing to do with US credit unions. One of the first was Morris Plan, which use to be a client of mine!

I'm just pointing out that CU's are little different then banks and s+l's. Just because they have a "mutual" ownership doesn't make them that special, they can go bust too. IOne that comes to mind was the Mutual of Omaha CU that failed due to fraud by the dingbat in charge....

And yes like banks, they in essence borrow from the old (savers) and lend to the young(spenders)

As for Chris at wamu, I would walk out too. who wants a bank assigned to them? That should be a matter of consumer choice Anyway one advantage of a larger institution is that many will eat your ATM fee where ever you use it, not just at their machines....Doubt his CU will do that, but they might.

BTW At CU's you get sharedraft accounts, not savings accounts. Same thing different name.

Like all rich people, this guy worked hard for his money and earned every cent. After all that hard werk, he needs a nice tax break---just ask McCain.

DAVE THE WAVE

Sooo chris what is a credit union, how does it differ from a bank, and who insures it? What you didn't check all that stuff before you opened it?

What you have just done is move from a large depository to a very small one

I did my homework long before I moved my money yesterday. I didn't know exactly how CUs worked but found out. It's different from a bank in that I am now a "member" - part owner (very small part lol) -- of the credit union. I had to open a savings account (with a $5 minumum) at the same time as my checking accout in order to be allowed to become a member. I also had to pay a one time $5 membership fee. I was then given a "member number" (not an account number).

I know all about the NCUA...

The NCAU is the credit union's version of what the FDIC is to a bank. My deposit credit union deposit is federally insured up to $100k.

So what if the FDIC is much larger -- the amount the FDIC is going to have to cough up for the depositors of soon to fail more than 100 banks will wipe out the FDIC's funds. Do you know the FDIC only has about $48 billion in reserves? A few more bank failures and the FDIC will be finito.

Yesterday, after opening accounts with my credit union, here's what I got with my new "Platinum" checking account (and I'll bet it's a lot more in perks than I'd ever get with JP Morgan after they take over WAMU) --

Checking Account Features at my credit union--

$6 monthly fee (my fee was waived)

WAIVED with $5,000 average daily balance in any share combination within the account, or
WAIVED for members at least 50 years of age who use the Electronic Direct Deposit Program to receive their net paycheck, retirement or Social Security checks.

No minimum opening deposit required.

Minimum Balance

NONE

Dividends
Paid monthly on average daily balance of $2,500 or more

ATM

FREE Transactions at [credit union] ATMs
FREE deposits at participating CO-OP Network ATMs
FREE withdrawals at CO-OP Network ATMs, including ATMs located at most 7-Eleven stores
FREE withdrawals at non CO-OP ATMs*
Free Services

FREE Point-of-sale purchases with cash-back option
FREE 24-hour Online Banking
FREE 24-hour Touch-Tone Banking
FREE Financial Services via the Call Center during Credit Union business hours.
FREE first box of checks
FREE Visa Travelers Cheques
5 FREE money orders or Credit Union checks per month, in any combination
2 FREE wire transfers per month
Unlimited check writing
Overdraft Protection
Visa Debit Card
Visa Platinum Credit Card with NO ANNUAL FEE**
More Benefits

Unlimited check writing
Overdraft Protection
Visa Debit Card
Visa Platinum Credit Card with NO ANNUAL FEE

"A few more bank failures and the FDIC will be finito."

I smell a bailout!

I smell a bailout!

#33 | Posted by Danforth

You bet! Already setting up the next session at the feeding trough...

Do not get me wrong chris, I fully support your move, credit unions can be a great choice for you. Banks gave up on individuals long ago, s+l's moved in, then they too seem to have moved on (in general)...they fee you to death. CU's have picked up the slack and whole heardly moved into servicing the av retail investor. But keep in mind if there was a run on ANY institution the deposit insurance is all backed up by the feds....

And by the way, everything I've typed is a fact. I use to market jumbo cd's, including those offered by credit unions so I am fully aware of how their deposit insurance works....

Dan and frank, unfortunately you are correct about the fdic. i have been watching them for decades. They clearly undercharged for their deposit insurance, at the same time ALL banks were under reserving for non performing loans. The fdic started charging banks based on basil ratings, and charged "good" banks less then others. That was a stupid decision, and they should have been bulking up for the next rainy days...

As this happened, I was strongly reminded of all the NE banks who watched the Texas S+L fiasco...then followed them down into the same pit a few years later. Culminating with the venerable Bank of new England biting the dust....

Wachovia is next on the chopping block according to the news today. Same scenario as with WAMU last wee - Wachovia is looking for a buyer, can't find one, blah blah blah.

Look for the FDIC to step in if too many Wachovia depositors pull a lot of money out of their savings and checking accounts.

Rightfully fearful WAMU depositors pulled out $18 billion last month which caused the FDIC to step in on Friday night and take over WAMU order to stop a full run on the bank.

More banks to follow

Every man and woman - for themselves!

DAVETHEWAVE

I heard that only banks who are holding those bad paper subprime mortgage securities will see any of the $700 billion bailout bucks. Other honest banks who weren't involved in the scam and are holding loans given out to borrowers with good credit will be given ZERO in bailout money if they fold.

And those honest banks who will not get a bailout may see themselves now go under because many of their loan borrowers will be defaulting on their mortgages because so many of them are now going to be losing their jobs as the economy goes into a downward spiral.

Nothing like always rewarding only the crooks.

Who wrote his contract? I want that guy representing me.

#11 | Posted by johnny_hotsauce

Not me...I want him executed publicly.

I don't care who you are-if you work for a company that goes bankrupt 17 days after you start work...

You did NOT "earn" 20 mil.

Unless you're talkin' 20 million swats with a cricket bat.

Nothing like always rewarding only the crooks.

#39 | Posted by CalifChris

That's the Republican way.....

For those in the SoCal, LA/OC area, there is a relatively small bank called Farmer and merchants. This bank is rated as one of California's strongest and did not feed at the sub-prime trough.

My family has been with them for years and have no complaints. In fact one of the bank exec's 9or something) has a sister that is my mothers caregiver. Needless to say the bank employee has done a lot for us.(all kosher of course)

If you live in this two county area, it may pay to look at this bank.

Chris there are soooo many different levels to this "TARP"...the assets, the players, the prices, loan recourse, that for anyone to act as if they even know what's on the table is a strech at best.