- advertisements -
I'm with you brother.
Extravagant bonuses, first against the wall when the revolution comes.
Hold on! Any chance UBS could find a scapegoat to offset their losses and justify their xmas bonus ?
I think the Swiss bankers should be fondued in boiling oil, or somehow killed with a clock/pocketknife. The french should be fried, and the Italians should be put through a pasta maker. As America is the most gun happy of the bunch, only American bankers should line up against the wall, but should be shot in the balls, one ball at a time.
This is a matter of Swiss national pride. The reason we Americans can be proud of our economy is because we take care of national gems, like General Motors (1908), Merrill Lynch (1914) and Goldman Sachs (1869). To neglect a struggling company of such national significance is a crime against our childrens' confidence and pride in their heritage. I know it is tempting to succum to envy and jealousy, but you you know in your hearts that protecting these companies is a matter of national pride and it is the right thing to do.
You are an excellent performance artist. I am inspired by the imagination needed to cook this crap up and never pop out of character.
If I trained trolls, I would force them to use the spell checker. Or use easier words than "succum".
We have standards in this fight club, dammit.
This is one of the funniest news stories I've read in a while. Well done, Jonathan. As for UBS, we all know what they stand for:
Unadulterated Banking Scum
U Been Scammed
Corporate National Pride
Martin Bormann, Rockefeller and Prescott Bush said the same thing about Auschwitz's famous I G Farben corporation...
It;s time to liberate the Swiss the way we've liberated Iraqi's and Afgani's and Libyan's. We're here for you People of Switzerland, we will liberate you from your riches!!!
"It'a hard being a CYNIC these days because it is so much work to keep up."
MillionDollarBogus, You must be out of your mind. Any fredom loving free market thinking person pukes at this thought. You are bound to know that GM is just a wing of government now that they have been bailed out. They now have an unfair advantage over their competition and can do whatever they wish with big labor in charge and the gov backing it all up. You make me sick.
MDB is the best we have ever had. Keep up the great work!!!!!
US banks paid $130B in bonuses last year...
Let's say 2% of people in the US work in banking, that's 6,000,000 people. Splitting your 130,000,000,000 figure evenly amongst them gives every employee a bonus of 21,666.67 USDWhich will be taxed at roughly 50%, so they will pocket $10833.33
Wow, just look at those rich bastards driving around in their brand new Geo Metros! Up against the wall with em! Oh wait, the distribution wasn't even and fairly split across every employee you say? Well in that case we shouldn't unfairly punish the poor working schmoes at these institutions right? But you argue we should let all of these institutions fail and therefore throw all of these folks out of work because a few at the top who grabbed up all of that money and will be unaffected by the financial havoc you guys seem to be so fervently praying for every day you wake up and bathe in the blood of a banker?
Just so we're clear, do you idiots every look in the mirror and wonder how such fine specimen's of the American public such as yourselves could hold the cognitive dissonance at bay while you waddle over to your walmart PC to post such drivel?
It's only a lampoon if it isn't true I bet a bunch of these arguments are being made.
If they would have stood up and said no they won't show the accounts, maybe people would be likeing them but no more.
the swiss should hang this asshole
A Guinean got DSK and a Ghanian got UBS.
Lots of money and careers down the tubes and everybody gets it in the rear.
It just doesn’t get any better than this.
The Swiss should hang this asshole
The Swiss should hang this asshole
..... and the MILLION DOLLAR BONUS asshole right above too!
Almost time for QE4
A standard issue Timex costs more than a five bedroom house in Detriot, why mention Rolex?
Yeah you can get them for $1.00. Might say something like buying thousands of houses in Detroit maybe.
"No. 3: UBS isn’t actually a bank."
It is actually a criminal organization with many hobbies like fist fucking many humans on the planet earth.
They could start here...
I don't know where to...oh, dear God...that is...no words.
We can only warn folks not to look.
Now I do wish I hadn't looked! Serves me right ... curiosity killed the pu ... CAT. Reminds me of something out of "Predator". ... Still, the erotic possibilities are vaguely intriguing ...?
A standard-issue Rolex costs more than a five-bedroom house in Detroit
So true, but would you sleep there?
At this point I don't know why I even read the news anymore. All a bunch of effin corruption.
It is hard for the Job Creators to do ALL that God's Work without Bonuses!
And how could Obama tax the rich if the Swiss didn't let them get rich? How would the UBS member of his economic advisory team raise money for his re-election?
the best and brightest
Personally I would like to see some less qualified people come in. The best and the brightest don't really have a good track record lately.
Yawn. Who cares about the UBS bonus pool? The only one anybody cares about preserving is the GS bonus pool! As long as their bonuses are safe the rest of the world can sleep safely and soundly at night. <sarc>
GS Bonuses MUST be preserved at all costs. There is nothing more important for the world economy.
We must abandon the principles of the free market in order to preserve it. This is classic Bush .
Next lampoon....Venture Socialism: The Engine of American Prosperity
Oh wait, that's actually official policy....
Not you Mercury but Venture Socialism is an oxymoron.
Too funny. This makes Month Python look low-grade!
Agreed - genius. The sad thing is that the line between parody and reality is quickly becoming obscured, as I'm willing to bet that several of these will be used.
Voices tell me I should wear a thong
Look at Deninnger over at his sight calling for justice for about the 4th year in row. When is he going to give up, he isn't going to win?
so you wont complain when some one sc$ews you right?
No I am just fatigued reading this shit day after day. I can't understand for the life of me why none of the injustices are never prosecuted. I'm just saying Karl has a lot more staying power. I give the Fuck up.
Denigga has been on tv and thinks in a very small box, filled with turds, thinking they are food.
Guess what, denig and others. NO JUSTICE IS CUMMING!!
Something else is, though. WHere you gonna be when the lights go out?
They aren't prosecuted because we live in a fucking police state and you as a citizen can't insist and make them do what should be LEGALLY done because you would be arrested and/or gunned down for trying it.
Phil Gramm to gitmo..............NOW
Perchance did someone read yesterdays postings by yours truly??
Who knows, but if Leach & Bliley are extraordinarily rendered to Indonesia or Burma or somewhere, you won't see me complaining.
I'd settle for an ice floe in the Caribbean....
......and send his wife with him!
For those who don't know, Sen. Phil Gramm was THE driving force behind the repeal of Glass-Stegall, as well as numerous other bits of legislation dismantling regulation of the financial industry in the late '90's & early Bush administration. More than any other individual, he bears responsibility for this mess.
Some economists state that the 1999 legislation spearheaded by Gramm and signed into law by President Clinton — the Gramm-Leach-Bliley Act — was significantly to blame for the 2007 subprime mortgage crisis and 2008 global economic crisis. The Act is most widely known for repealing portions of the Glass–Steagall Act, which had regulated the financial services industry. The Act passed the House and Senate by an overwhelming majority on 4 November 1999.
Gramm responded in March 2008 to criticism of the act by stating that he saw "no evidence whatsoever" that the sub-prime mortgage crisis was caused in any way "by allowing banks and securities companies and insurance companies to compete against each other."
Gramm's support was later critical in the passage of the Commodity Futures Modernization Act of 2000, which kept derivatives transactions, including those involving credit default swaps, free of government regulation.
In its 2008 coverage of the financial crisis, The Washington Post named Gramm one of seven "Key Players In the Battle Over Regulating Derivatives", for having "[p]ushed through several major bills to deregulate the banking and investment industries, including the 1999 Gramm-Leach-Bliley act that brought down the walls separating the commercial banking, investment and insurance industries".
As of 2009, Gramm is employed by UBS AG as a Vice Chairman of the Investment Bank division. UBS.com states that a Vice Chairman of a UBS division is "...appointed to support the business in their relationships with key clients." He joined UBS in 2002 immediately after retiring from the Senate.
Phil Gramm, then a Democrat, was elected to the U.S. House of Representatives. Five years later in 1984, he switched his party affiliation to the GOP and won the Senate seat that he still occupies. The move to Washington began a succession of appointed federal jobs for Mrs. Gramm. She headed the economics bureau of the Federal Trade Commission's Division of Consumer Protection and served as administrator of information and deregulatory affairs in the Office of Management and Budget. In 1987 The New York Times described her as "one of the Reagan administration's most vigorous deregulators." President Reagan called her "my favorite economist," naming her chairman of the Commodity Futures Trading Commission, the powerful regulatory agency which oversees the nation's commodities and futures exchanges.
Her dual roles as CFTC head and Senator's wife put her in a difficult position. There were times when Senator Gramm sought the support of some of the same agricultural and business interests that she was regulating. On trips to Texas during his 1989 Senatorial campaign she worked both on CFTC business and for her husband's reelection. After leaving the CFTC in early 1992, Wendy Gramm accepted lucrative directorships on the boards of several corporations she had regulated. Several of these corporations were also financial supporters of her husband's Presidential campaign. One of the boards on which Mrs. Gramm sits is Enron Corporation, a Texas natural gas company, which has given almost $35,000 to Phil Gramm over the years. She was named to the company's board, just five weeks after stepping down from the CFTC, which around the same time, exempted Enron and a group of other oil and gas companies from federal regulation on some of their commodities trading. The move was a big financial boon to Enron.
Enron pays Wendy Gramm $22,000 a year for her service on its board, plus $1,250 for every meeting she attends. The CEO of Enron, Kenneth Lay, is regional chair of the Gramm for President Campaign. When Senator Gramm kicked off his campaign last February with a record-setting fund raising dinner, Lay and his wife were present.
Another board Wendy Gramm sits on is that of Iowa Beef Processors (IBP), a large meat processing company. Based in Dakota City, Nebraska, IBP is a powerful corporation next door to a key election- year state, Iowa. Support for Senator Gramm at IBP came in handy last August at the Iowa straw poll in Ames. IBP sent a memo to its management level employees encouraging them to attend the straw poll, which is not restricted to Iowa residents, and informing them that $25 tickets and bus transportation would be provided by the Phil Gramm-for-President campaign. Gramm campaign buses picked up the IBP employees at eight separate locations in the states of Iowa, Nebraska, and Illinois and transported them to the straw poll, where their votes helped Gramm tie front-runner Bob Dole and gave the Gramm campaign an important boost.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.