http://www.straightstocks.com/market-commentary/bank-executive-compensation-and-the-bailout/ Leading Stock Market News, Opinions and Commentary Sun, 22 Nov 2009 17:05:15 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.straightstocks.com/market-commentary/bank-executive-compensation-and-the-bailout/comment-page-1/#comment-5069 The Bush Administration’s Banking Rescue Plan « American Armageddon Wed, 01 Oct 2008 15:45:42 +0000 http://www.qvmgroup.com/invest/?p=626#comment-5069 [...] However, when some of the original mortgages downstream became delinquent as the housing price bubble burst, in the spring of 2005, and home foreclosures began to rise, more than $1 trillion of the artificial mortgage-backed securities previously created thus became less secure and less liquid. As time went on, the market for such artificial securities de facto dried up. As a consequence, the issuing banks were left with a large inventory of now toxic securities that nobody wanted to buy. Huge permanent losses replaced huge but illusory short-term profits, although banking CEOs kept receiving large (some would say obscene) total corporate compensations.   [...] [...] However, when some of the original mortgages downstream became delinquent as the housing price bubble burst, in the spring of 2005, and home foreclosures began to rise, more than $1 trillion of the artificial mortgage-backed securities previously created thus became less secure and less liquid. As time went on, the market for such artificial securities de facto dried up. As a consequence, the issuing banks were left with a large inventory of now toxic securities that nobody wanted to buy. Huge permanent losses replaced huge but illusory short-term profits, although banking CEOs kept receiving large (some would say obscene) total corporate compensations.   [...]

]]>