Bank of America gives directors 70% pay raises in lame attampt to avoid bailout bonus outrage.

[girl gone mad]

BofA Bankers: We Don't Need No Stinkin' Bonuses
http://www.businessinsider.com/bofa-bankers-we-dont-need-no-stinkin-bonuses-2009-3">The Business Insider

Bank of America, still in the hole to taxpayers to the tune of $45 billion, has found a way to get around any future public outrage about fat Wall Street bonuses. The bank-on-the-breadline is working on a plan to give its dealmakers 70% raises in their base salaries to offset a future (or at least two years) of crappy bonuses.

Now, they'll still be getting bonuses, just not ones big enough to piss off Congress, at least for a while.

Bloomberg reports:

"Bank of America, which has received $45 billion of taxpayers’ money, may raise the annual base pay for some managing directors to about $300,000 from $180,000, said the people, who declined to be identified because the final numbers are still under discussion. Salaries for less-senior directors would climb to about $250,000 from $150,000, and vice presidents would get $200,000, up from about $125,000, the people said."

Not a particularly graceful or creative way to get around Washington, D.C., but it'll make the troops in New York (and their real estate brokers) happy.

[mbperrin]

1. What, they think we can only be outraged one category at a time?

70% raise? For doing such a wonderful job?

Check with the UAW to see if their workers are getting a 70% raise next year. Nope.

California teachers? Nope.

Anybody else whatsoever in the entire world? Nope.

Okay, it starts here. 70% pay increase for corporate welfare kings outrage!

[drm604]

2. This deserves double the outrage.

First, for the ridiculous pay increases and second, for treating us like we're stupid.

[specimenfred1984]

3. So what, everything's "going in the right direction"

Just listen to what people are saying: war crimes don't matter, nobody can even understand the banking situation, everyone's full of fake outrage, I sleep so much better now.

BOA is going to steal every last cent from the suckers known as the American public.

[tavalon]

4. They really, really, really don't get it, do they?

[skoalyman]

5. they will when the american people get enough

but who knows when that'll be lol:boring: :boring: :boring: :boring:

[TheWatcher]

9. Oh Yes They DO.

And until they are stopped by whatever means necessary, they will continue to do whatever they want.

And that's what so many of US, don't get.

[wroberts189]

6. Don't they realize this makes them look even worse? nt

[snot]

7. How stupid do they think we are? How stupid are we?

[tavalon]

8. Not that stupid

They've just opened up a whole new can of whoop-ass.

[PassingFair]

10. To maintain their standard of living.

Really, we serfs HAVE NO IDEA
how badly we are being ripped
off in this economy.

They NEED the money, or they
will become like US.

The horror. The horror.

[lostnotforgotten]

11. These Cretins "Push Paper" For A Living - What Kind Of Living Standard Does That Require?

eom

[PassingFair]

12. You should read some of the "hardship" letters that they send

...to rental places in Florida and California.

Multiple cars, houses in multiple states
and countries, RV's, TONS of expensive
crap and real estate that they can't unload
and can't refinance.

:cry:

:nopity: