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This year, employees at Wall Street companies will earn an estimated $143,400 on average, up almost $2,000 from the 2007 pre-recession and bailout levels.

 

Submitted: Oct 15, 2009    Views: 49    Comments: 4    Likes: 1   


View Article: http://www.savingtoinvest.com/2009/10/wall-street-fat-cats-back-in-...


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Comments Received:

AronLiv
AronLiv

I am still amazed at the way that the entire bailout became a form of enriching a few to the detriment of our entire country.

Posted: Oct 15, 2009

Alex
(Unregistered)

I spoke to a friend of mine who's a banker in NY. Even he thought it was a bit ridiculous and couldn't justify the bonuses - especially at Goldman. Remember that Goldman survived only because of $20+ in capital from the government.

Of course the obvious is that the existing banks are going to earn more money. Without Lehman and Bear there are two less players from a competitive standpoint.

The extra cash should be paid out to shareholders. I'm surprised they aren't livid at the level of compensation still being paid.

Posted: Oct 15, 2009

Taylor
(Unregistered)

Why shouldn't they receive the cash? They made the money. They repaid the government with interest. Are we a socialist country now?

Posted: Oct 15, 2009

dstein
(Unregistered)

$143,000 sounds pretty low. I thought the average bonus at Goldman was going to be $300,000+.

Posted: Oct 15, 2009



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