CreditSuisse

February 25, 2010

Credit Suisse refused a bailout last year, and made their bankers take as “bonuses” all the toxic assets that had been allocated to the bank. These “bonuses” were supposed to distribute the failings of the bank among all the investment bankers who made the decisions. To teach them a lesson. Well, as was recently disclosed, those toxic assets have risen 72% which makes all of those bankers very,very wealthy men. We’re talking billions of dollars.

Read more about it at the Wall Street Journal.

posted by Amanda Mae Meyncke in crime, economics, sisyphean | * | 1 comment

comments

Kelsey Parker on February 25th, 2010 at 11:58 am

Nice use of my favorite category.

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