Monday, May 2, 2011

Bank Bailout In Perspective, May 2 2011

Old news to some, but its consequences are still being felt.

1920 - Charles Ponzi (15 million stolen)
2008 - Bernie Madoff (50 billion)
2008 - Tarp Bailout (700 billion)
        
700 billion.  There's 309,557,862 people in the United States.  That'd be 2295 for every man, woman, and child in the U.S.

AIG Bailout (183 billion)

AIG Execs planned bonuses (165 million)
73 AIG Employees Received 1 million or more in post-bailout bonuses
440,000 spent on post-bailout party

Goldman Sachs Tax Rate 2007 34% (6 billion)
GS Taxrate 2008 1% (after bailout, and that's 14 million, btw)

AVERAGE SALARIE RATIO
CEO: Average Employee
1918 8:1
2010 319:1

Average Executive Salary 1998
2,306,097 (and rising)
11,800,000 (2005, and rising)

NYPD Maximum Retirement Benefit
48,026
CEO Retirement Benefit Package
83.6 million

Average American 401k Account 2005 102,014
2007 69,200
2009 64,200

The only people sent to prison: Bernie Madoff, with a release date of 2159 (148 years from now)

No comments:

Post a Comment