NY Times: Bankers Can't Live On $500,000 A Year...

[Gen]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

thought he made 400k in wages ?

anyway anything else that goes with it falls in the category of

fringe benefits/perks and/or deferred/non deferred compensation, which can certainly add up to well and above the 1 mill mark

but I am betting that the 500k cap being reported pertains to <span style="font-weight: bold">taxable</span> wages, which means that these guys could very well end up making more than the 500k

[Tuff Gong]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">thought he made 400k in wages ?

anyway anything else that goes with it falls in the category of

fringe benefits/perks and/or deferred/non deferred compensation....</div></div>

Speaking of which this place, Camp David and the Aircrafts:

1600 Pennsylvania Ave NW Washington DC 20006 16 beds, 35.0 baths, 55,000 sq ft



Close Zestimate®: $287,466,000

The Value Range is the high and low estimated market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table Value Range: $135,109,040 - $382,329,768
30-day change: -$20,592,000
Zestimate updated: 02/06/2009

[Dr.Dudd]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">thought he made 400k in wages ?

anyway anything else that goes with it falls in the category of

fringe benefits/perks and/or deferred/non deferred compensation....</div></div>

Speaking of which this place, Camp David and the Aircrafts:

1600 Pennsylvania Ave NW Washington DC 20006 16 beds, 35.0 baths, 55,000 sq ft



Close Zestimate®: $287,466,000

The Value Range is the high and low estimated market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table Value Range: $135,109,040 - $382,329,768
30-day change: -$20,592,000
Zestimate updated: 02/06/2009


</div></div>Most people don't realize that if he got all that on the private sector, it would be considered income and taxable.

Tom Dashel got the use of a lemozine service,and ran into tax problem for it.
only a fool would accept 500,000/pa to extend loans that people will be making millions per year.

that is why corruption is so prevalent in third world countries.

the incomes does not compare with the value of the service they sre in chaege of.

[Gen]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

/0\

[Nunya]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

[britisha]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SmoothOperator</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ceabee</div><div class="ubbcode-body">i was reading jaded's post on the high cost of living in New York...


Jaded's post </div></div>

Unlike the common man they have hard assets that they can sell, like that second or third home and the villa in Aspen, if they can't make $500,000 work. They can also move to cheaper digs, do away with the personal trainers, drive their own car and take cheaper or less vacations. Let us not forget that they screwed up and they are coming hat in hand to beg for taxpayer money, everyone has to feel a little pain here. </div></div>

Honey, haven't you heard? There is no money to buy any of their assets, the banks are NOT lending much cause they don't have what to lend...it is a catch 22.

[britisha]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body"><span style="font-style: italic">perhaps they should be introduced to Jacks 99 cents store located at various points in the city, mi nuh shop there but if the ress a the country can nyam tainted food from china dem can galang a jacks guh nyam tainted chinese food fi 99 cents too </span>

<span style="font-weight: bold">Jack's 99 Cent Store: The Biggest Savings Center in Midtown Manhattan </span>

Ever since dollar stores have come in to effect, I have been a consumer at them. They sell the same things that other stores might sell, but for only a dollar. Considering all the dollar stores I've been to, never did I thin that I would come across one that has everything and more.

Jack's 99 Cent Store is located on West 32nd Street between 6th &amp; 7th Avenue in Midtown Manhattan. It sits right in the middle of the block behind Manhattan Mall. There is an entrance on both West 31st street and West 32nd Street. It is the biggest 99 cent store I have ever been to and the one that I go to almost every single day of the week.

There are three floors inside of the biggest 99 cent store I have ever shopped at. On the first is where you find everything that is 99 cents or less. Floor two is what they consider Jack's World where you find things for 99 cents and more. The third floor is 99 cents or more as well. And with all the floors within this one store, I have found myself there for an excessive amount of time. And it never grows old for me.

Everything you need is located underneath this one roof. It is the front tables that indicate what hot items I am going to find and if it is necessary for me to even go any further. And judging from how many people stand around that front table, I always get the urge to walk in and check it out for myself. And everyday it is something different and something that I am amazed to find.

jacks yahsuh </div></div>
understand what the article is saying in these financially strapped times.

bin to jacks a couple of times, but didn't find anything as such. i was just musing to myself the other day that Macys might come off smelling like a rose when compared to TJ and Marshalls...reson? In a good Macys sale one can find better quality stuff for even cheaper...got some sweaters two weeks ago for bargains i'm too ashamed to say here...waay, cheaper than Filenes...whey a sell cashmeres fi 99 dollahs now.

[SmoothOperator]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: britisha</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SmoothOperator</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ceabee</div><div class="ubbcode-body">i was reading jaded's post on the high cost of living in New York...


Jaded's post </div></div>

Unlike the common man they have hard assets that they can sell, like that second or third home and the villa in Aspen, if they can't make $500,000 work. They can also move to cheaper digs, do away with the personal trainers, drive their own car and take cheaper or less vacations. Let us not forget that they screwed up and they are coming hat in hand to beg for taxpayer money, everyone has to feel a little pain here. </div></div>

Honey, haven't you heard? There is no money to buy any of their assets, the banks are NOT lending much cause they don't have what to lend...it is a catch 22. </div></div>


The point I am making is that sacrifices have to be made by all. They can do away with the chauffeur, the expensive personal trainer, and eating out every night. Warren Buffet is the second richest man in the world yet he drives his own car and still lives in the $300K house in Omaha that he bought way back in the day. These people are living in an alternate reality and it is time for a reality check.

[kia027]

Re: NY Times: Bankers Can't Live On $500,00 A Year...

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">They can do away with the chauffeur, the expensive personal trainer, and eating out every night. </div></div>

and in the meantime what will the chauffer, personal trainer and restaurant workers do? they need employment too.

I do agree a cap should be made on the bankers who are receiving TARP but on the other hand we may have everyone taking a price cut on their behalf as well.

$75K fi drive smaddy around all day?? him might haffi learn fi live pon $50K a year