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Ear to the Ground

Nine Wall Street Big Shots Who Cashed In on the Crisis

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Posted on Oct 9, 2011
Fortune Live Media (CC-BY)

Goldman Sachs CEO Lloyd Blankfein, who said he does “God’s work,” pulled in $42.9 million in 2008.

With Americans across the country realizing that they are not the only ones fed up with the CEOs, bankers and policymakers responsible for the current damage to the U.S. economy, now is a good time to read up on the Wall Street executives who profited most from the bubble and federal bailout.

Citigroup director and deregulation architect for the Clinton administration Robert Rubin, Goldman Sachs CEO and Chairman Lloyd Blankfein and JPMorgan Chase President and CEO Jamie Dimon are featured in this article from Mother Jones published in the beginning of 2010. —ARK

Mother Jones:

After Goldman Sachs, JPMorgan Chase, and Morgan Stanley announced hefty profits last fall, the Obama administration’s pay czar said that he’d cap pay at Citigroup, Bank of America, and five other bailed-out companies. The move was largely symbolic: It capped salaries for only 25 executives, kept big stock bonuses in place, and did nothing to address the culture of rewarding folks who sowed our economic destruction. Below, some of the players who made out like bandits during the bubble and the bailout.

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By glider, October 10, 2011 at 9:18 am Link to this comment

@OzarkMichael,

What does it say about your blind bias that you take an article about Corporations (that benefited by feeding at the trough of public money enabled by bought off politicians that refused to attach any accountability or shakeup of management), and turn it into a rant about Fox Noise’s favorite wealthy whipping boy George Soros?  You only forgot to throw in the traitor to the cause of the 1% Warren Buffet?  In a proper “free market” many of these corporate heads would have lost their jobs.

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By Marc Schlee, October 9, 2011 at 10:01 pm Link to this comment
(Unregistered commenter)

*******

That’s 9 big shots whose asses ought to be in prison.


FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

*******

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By grokker, October 9, 2011 at 9:13 pm Link to this comment

Indeed - Hedge Fund managers of all political persuasions will do well. Soros could well be pulling the strings of this movement but is it any different than the Koch brothers association with the Tea Party? I would just like to see a lot less money pulling the strings in our politcal process and in the process of political dissent.

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OzarkMichael's avatar

By OzarkMichael, October 9, 2011 at 8:55 pm Link to this comment

If i was using Leftist style analysis(as was used against the Tea Party) of the Occupation, i would accuse him of doing just that. I would find one contribution to some organization and pin that on everyone involved…

But nope grokker, you get the truth of what i really think and the so you get the last laugh(I promised you that from elsewhere). Soros is not controlling this.

But Soros will make tons of money from the Occupation if it succeeds and also if it fails. Soros does very well off people’s misery. You admitted that already. I do think Soros is hooked up with those pulling the strings though, so no matter what happens or when it happens Soros will do great.

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By Blu, October 9, 2011 at 6:23 pm Link to this comment
(Unregistered commenter)

Yes, Mikey,

George Soros, Faux News’ Boogeyman is behind everything -

Jeez, come up with something original and stop spewing Flushie’s crap

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By grokker, October 9, 2011 at 5:40 pm Link to this comment

I suppose you also are of the erroneous belief that Soros is funding the OWS. If so, submit the proof.

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By LA_CC, October 9, 2011 at 5:38 pm Link to this comment
(Unregistered commenter)

Soros is gambling with his own money. These guys are overpriced employees who did not have their money on the line they were betting. It turns out to hurt the clients of the firms they worked for as well as the country as a whole and homeowners who lost value in their main asset through no fault of their own.

What scares the right wing so much about Soros is that he supports something other than the authoritarian plutocracy/oligarchy that the top dogs of the Republican party want. The base voters on that side are primarily blinded minions.

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By grokker, October 9, 2011 at 5:37 pm Link to this comment

Uh, yeah, but the trillions Wall Street and other central banks have looted from the world wide economy
and put the taxpayers on the hook for makes Soros look like a pauper. Good traders are supposed to make money no matter what the market does. In fact, many welcome big downturns in the markets.

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By OzarkMichael, October 9, 2011 at 1:48 pm Link to this comment

Meanwhile this year, George Soros improved his net worth by 8 billion dollars. He makes the CEOS look like minnows.

Yes while all the stocks are worth less George Soros is worth more. And he advised for the baliouts. And he is back up the Occupation of Wall Street. Yes he is for it. Stocks might crash, but he knows how to profit from that.

Funny that Truthdig doesnt mention that.

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