Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

The Bonus for Homes Charity Idea

Economist and writer Katerina Alexandraki has come up a creative idea for easing the housing crunch this holiday season. She’s asking Wall Streeters getting big bonuses to contribute them to folks in danger of losing their homes. See her Web site for the campaign which she calls Bonus for Homes.

Wall Streeters are expected to get a lot of heat this bonus season, both for creating the loose lending standards and securitization of loans that fueled the housing bubble and now for making a killing off of stocks and distressed assets that surged in value this year, largely thanks to trillions of dollars in government support.

Katerina hopes to distribute the money to low-income earners and the unemployed. She’s specifically looking for folks who were victims of predatory lending or who are facing foreclosure. She describes it as “a private-sector initiative to address the anomaly that, while everyone, from top to bottom, public and private, is to blame for the financial crisis, some of us have fared much better than others.”

She’s looking for volunteers to help contribute or nag their fellow high-earners. Of course, you can always just take the thought and contribute to housing-related charities on your own. Maybe even with company matching funds!

blog comments powered by Disqus