I feel so bad, don't you? Wall Street has a tough bonus season with the average managing director only taking home $900K this year. High percentage of overall comp or not, many of these people sit in seats with a view that we great unwashed are not privy to.
Just like many overpaid CEO's of publicly traded companies do not deserve the ungodly sums they loot, many Wall Street traders - in my opinion some little more than dumbasses with a vantage point and OPM (other people's money) - do not either. But that's our world, and I guess it is why we have everything from communists to labor unions to Ron Paul supporters occupying the streets.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Just like many overpaid CEO's of publicly traded companies do not deserve the ungodly sums they loot, many Wall Street traders - in my opinion some little more than dumbasses with a vantage point and OPM (other people's money) - do not either. But that's our world, and I guess it is why we have everything from communists to labor unions to Ron Paul supporters occupying the streets.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Well, they'll just have to push a few million more subprime, err, 'student loans' on hopeful families who can't afford them. The fractional reserve insanity must go on.
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