{"id":10471,"date":"2009-04-29T00:00:00","date_gmt":"2009-04-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"the-importance-of-paying-citigroup-bankers-bonuses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/the-importance-of-paying-citigroup-bankers-bonuses.html","title":{"rendered":"The Importance Of Paying Citigroup Bankers Bonuses"},"content":{"rendered":"<p>24\/7 Wall St. &#8211; Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury&rsquo;s reaction will probably be that it wants to stay out of a fight with Congress and avoid negative public opinion and will turn the request down. <\/p>\n<p>That would be a mistake.<\/p>\n<p>Wall St.&rsquo;s primary argument for keeping a high level of compensation for its best investment bankers and traders is that, if they leave, overall losses at banks could get worse.&nbsp; People&nbsp;can be&nbsp;profit centers. The most successful ones&nbsp;help offset the red ink created by the series of poor decisions that big financial firms made about mortgage-backed paper and commercial credit loans. It is easy to assess the value of the best traders&nbsp;by looking at a bank&rsquo;s books.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/247wallst.com\/2009\/04\/29\/the-importance-of-paying-citigroup-c-bankers-bonuses\/\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>24\/7 Wall St. &#8211; Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury&rsquo;s reaction will probably be that it wants to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4306,218,621,11006,11008,6710,129,4903,48,8855,2943,11007,1519,2595],"class_list":["post-10471","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-banks","tag-citigroup","tag-congress","tag-credit-loans","tag-financial-firms","tag-investment-bankers","tag-losses","tag-mistake","tag-money","tag-poor-decisions","tag-public-opinion","tag-red-ink","tag-s-books","tag-treasury"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10471"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10471\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}