Friday, January 15, 2010

Banks Set for Record Pay

This is disgusting. Congress should pay for this in November. Start with voting the incumbents out. Vote out every long serving member of Congress. This government obviously in the pocket of big business. Your a fool if you believe otherwise.

in reference to:

"Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record sum that indicates how compensation is climbing despite fury over Wall Street's pay culture. An analysis by The Wall Street Journal shows that executives, traders, investment bankers, money managers and others at 38 top financial companies can expect to earn nearly 18% more than they did in 2008—and slightly more than in the record year of 2007. The conclusions are based on an examination of securities filings for the first nine months of 2009 and revenue estimates through year-end."
- Wall Street Bonus and Compensation Levels Likely to Set a Record - WSJ.com (view on Google Sidewiki)

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