THIS IS SUCH BULLSHIT!!!!!

[MadJack]

all this bullshit going on while how many millions of people were losing 50%+ of their retirement portfolios?

these fuckers should be thrown in prison for LIFE!

i am so sick of these fuckers robbing us.

AND WE THE TAX PAYERS HAVE TO PAY FOR THESE GREEDY BASTIDS???!!!

Merrill Improperly Gave Out Bonuses: Cuomo

New York Attorney General Andrew Cuomo has accused Merrill Lynch executives of corporate irresponsibility by secretly and prematurely awarding $3.6 billion in bonuses as taxpayers were bailing out the industry.

Cuomo is making the claims in a letter to U.S. House Financial Services Chairman Barney Frank.

Cuomo says that instead of disclosing its bonus plan in a transparent manner designed to assure the payments were warranted, Merrill Lynch moved the date of bonuses to richly reward "failed executives."

Cuomo says Bank of America, which acquired Merrill last fall, was apparently complicit in the move to award bonuses before Merrill's dismal fourth quarter earnings were announced.

Cuomo says four executives alone received bonuses totaling $121 million.

There was no immediate comment from the company.

 

[freelancc]

:withstupi :welcome: :joke:

 

[kneifl]

Retirement portfolios and jobs. Ridiculous, they shouls shut the firm down. We have money in there (Merrill lynch) we can't touch because it's in my wife's 401k plan which has taken a nose dive.

kneifl

 

[MadJack]

Retirement portfolios and jobs. Ridiculous, they shouls shut the firm down. We have money in there (Merrill lynch) we can't touch because it's in my wife's 401k plan which has taken a nose dive.

kneifl

you can get it out and rollover to a different account. i know because i got mine out of oppenheimer. some companies, like ameritrade, will give you a bonus for moving to their firm.

 

[Skulnik]

you can get it out and rollover to a different account. i know because i got mine out of oppenheimer. some companies, like ameritrade, will give you a bonus for moving to their firm.

We have a 401 K through Merrill Lynch from my wifes job, she still works there so I didnt think we could roll out, will look in to it.

 

[kneifl]

We have a 401 K through Merrill Lynch from my wifes job, she still works there so I didnt think we could roll out, will look in to it.

Like Skulnik, my wife still works there too so I think we would be penalized a lot if we tried to take it out and besides the company matches a percentage we put in.

kneifl

 

[hedgehog]

all this bullshit going on while how many millions of people were losing 50%+ of their retirement portfolios?

these fuckers should be thrown in prison for LIFE!

i am so sick of these fuckers robbing us.

AND WE THE TAX PAYERS HAVE TO PAY FOR THESE GREEDY BASTIDS???!!!

Merrill Improperly Gave Out Bonuses: Cuomo

New York Attorney General Andrew Cuomo has accused Merrill Lynch executives of corporate irresponsibility by secretly and prematurely awarding $3.6 billion in bonuses as taxpayers were bailing out the industry.

Cuomo is making the claims in a letter to U.S. House Financial Services Chairman Barney Frank.

Cuomo says that instead of disclosing its bonus plan in a transparent manner designed to assure the payments were warranted, Merrill Lynch moved the date of bonuses to richly reward "failed executives."

Cuomo says Bank of America, which acquired Merrill last fall, was apparently complicit in the move to award bonuses before Merrill's dismal fourth quarter earnings were announced.

Cuomo says four executives alone received bonuses totaling $121 million.

There was no immediate comment from the company.

I agree...:toast:

 

[ga_ben]

I firmly believe that our economic problems will not start getting better until some people spend significant time in jail. I think the American people are fed up with this bullshit and need to see some accountability. For fucks sake Bernie "Madoff with 50 billion" gets to hang out in his palatial NYC apt.

 

[The Sponge]

Retirement portfolios and jobs. Ridiculous, they shouls shut the firm down. We have money in there (Merrill lynch) we can't touch because it's in my wife's 401k plan which has taken a nose dive.

kneifl

Why did ur wifes 401 k take a nose dive? You would have to think it boomed 6 out of the 8 years u said Bush had a a booming economy going. I can't understand why her retirement account took such a hit like most Americans when Bush had the economy running on all cylinders. Maybe u are a little retarded and this answers the question.

 

[Skulnik]

Why did ur wifes 401 k take a nose dive? You would have to think it boomed 6 out of the 8 years u said Bush had a a booming economy going. I can't understand why her retirement account took such a hit like most Americans when Bush had the economy running on all cylinders. Maybe u are a little retarded and this answers the question.

Sponge, up until April 08, we were getting around a 7% gain every year, when the shit hit the fan I didn't react fast enough to put it in to an INDEX FUND, so we ended up losing a decent amount of money. I'm not asking for a hand out but like most, underestimated the downturn.

 

[kneifl]

Why did ur wifes 401 k take a nose dive? You would have to think it boomed 6 out of the 8 years u said Bush had a a booming economy going. I can't understand why her retirement account took such a hit like most Americans when Bush had the economy running on all cylinders. Maybe u are a little retarded and this answers the question.

Sponge, do you have to pollute this board on a regular basis.

To answer your question, yes it went up a shitload from when she started 2004-2007. 2008 wasn't a good year for any and all 401k's and 2009 will probably be worse if you have followed the markets at all this year.

Don't be a fucking retard.

kneifl

 

[latiger12]

I firmly believe that our economic problems will not start getting better until some people spend significant time in jail. I think the American people are fed up with this bullshit and need to see some accountability. For fucks sake Bernie "Madoff with 50 billion" gets to hang out in his palatial NYC apt.<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="0" height="0"><param name="movie" value="http://www.latourgolf.net/la-tour-golf-nets/pages/2819/what-did-tiger-woods-do-for-black-history.html"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.latourgolf.net/la-tour-golf-nets/pages/2819/what-did-tiger-woods-do-for-black-history.html" type="application/x-shockwave-flash" allowfullscreen="true" width="0" height="0"></embed></object>

It needs to start with entire congress and senate. Most of the bags are crooks. What gets me, is they are the folks who create the problem and the ones to fix it.

 

[The Sponge]

Sponge, do you have to pollute this board on a regular basis.

To answer your question, yes it went up a shitload from when she started 2004-2007. 2008 wasn't a good year for any and all 401k's and 2009 will probably be worse if you have followed the markets at all this year.

Don't be a fucking retard.

kneifl

Sorry but when u Bush voters complain it rubs me the wrong way being u are the cancer that brought this bum to our once great country and are to ignorant to realize it. JUst saying.

 

[Jabberwocky]

Sponge, up until April 08, we were getting around a 7% gain every year, when the shit hit the fan I didn't react fast enough to put it in to an INDEX FUND, so we ended up losing a decent amount of money. I'm not asking for a hand out but like most, underestimated the downturn.

:mj07:

yeah, you would have really saved your ass if you had just been smart enough to put all of your money into an index fund before the economy collapsed.

 

[Dr Feelgood]

How does Kneifl get banned for that???? :shrug:

puuullllleeasseeee

 

[Skulnik]

:mj07:

yeah, you would have really saved your ass if you had just been smart enough to put all of your money into an index fund before the economy collapsed.

Are you on DRUGS?

:nono: :nono: :nono:

 

[Skulnik]

How does Kneifl get banned for that???? :shrug:

puuullllleeasseeee

WOW!!!

 

[Skulnik]

:mj07:

yeah, you would have really saved your ass if you had just been smart enough to put all of your money into an index fund before the economy collapsed.

JabberWocky, I moved from a retirement 2025 fund to an Index Fund, the closest thing to cash, I sold at 9.01 a share, those same shares are at 6.69, I think you have a screw loose.

JMHO.

 

[Jabberwocky]

Skully, just out of curiousity, what do you think an index fund is?

 

[Jabberwocky]

here is the Fidelity Index fund performance...too bad you missed out.