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Taxation & Estate Planning
: TaxProf BlogUsing the Tax Code to Get Back the $18b Wall Street Bonuses
Full post as published by TaxProf Blog on February 03, 2009 (boomark / email).
Bailout Money Going to Wall Street Bonuses
You know the $125 billion that our leaders gave Wall Street to unfreeze credit markets? $108 billion of that is being held for employee bonuses. Really. Now, not everyone on Wall Street caused the meltdown...
Pssst Wall Street: Change the Name from Bonuses to “Making Work Pay” Credits
President Obama, widely admired for his willingness and ability to engage in nuanced analysis, painted with pretty broad strokes when he attacked the bonuses recently paid by Wall Street banks: One point I want to make is that all of us are going to have responsibilities to get this economy moving again...
Bonus Babies Ignore Risk Management.
Risk Management principles had no place on Wall Street during the boom years. Bonuses came first. Bonuses were paid first, before investments performed. Bigger risks drove bigger bonuses...
Barney Frank: let's do away with Wall Street bonuses
The Massachusetts Democrat and banking committee chairman is now calling for a bonus moratorium at Wall Street firms whether or not they participate in the financial rescue plan. If it's any comfort, John Carney thinks the NYC-economy-ravaging idea is "most...
Uncle Sam should claw back Wall Street bonuses
(Editor’s Note: For a related piece published in the San Francisco Chronicle by Professor Jesse Fried, the author of this post, see here.) Warren Buffett aptly called the credit-related derivatives invented, marketed, and held by Wall Street firms “financial weapons of mass destruction...
New L&C Law Scholarship: Wall Street Indians
Gavin Clarkson, Wall Street Indians: Information Asymmetry and Barriers to Tribal Capital Market Access, 12 Lewis & Clark Law Review 943 (2008) Wall Street in New York City may be considered the financial center of the world, but the original wall on Wall Street was built to keep the Indians out...
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