The year after we, that is you and I bailed out the big Wall Street banks comes the news that executives on the street took home a tidy $20 billion in bonuses. TWENTY BILLION!
That makes 2009's booty 17% higher than the swag taken home in 2008. What the f*#k?
In a report given by New York state Comptroller Thomas DiNapoli, at many of the big firms, compensation was up 31 percent, while sector-wide the average was a 27 percent increase. The truth is we pay and they take!
DiNapoli is a backer of stricter regulation and said in an interview he wants to,"make sure the securities industry thrives without driving the rest of us out on a fragile economic limb."
Well, as a person who lives out on the edge of that economic limb, I can tell you that none of this sits well with me. I would like to see Wall Street bonuses tied to long term company performance instead of a quarter by quarter view. The robber barons of Wall Street need to be reigned in.
Jealous? Not so much but angry that they are profiteering while we support them, hell yes!
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