Jim Hightower | Who Deserves Wall Street Bonuses?

Wall Street bankers are really mad these days -- in both senses of that word! You'd think these whizzes of speculative finance would be ecstatically happy and filled with gratitude, not anger. After all, having crashed our economy, they were allowed to keep their cushy jobs, get bailed out with trillions of our tax dollars, and permitted to go right back to playing the same old casino games that had previously enriched them at our expense. Once again, such powerhouse outfits as Goldman Sachs and JPMorgan Chase are raking-in tons of money -- and, as in the gilded days before Wall Street plunged Main Street into deep recession, bankers have promptly reverted to the selfish ethic of lavishing multimillion-dollar bonuses on themselves. Goldman, for example, has already set aside more than $16 billion to dole out as end-of-year bonuses for its bankers. That's a pace of self-enrichment that will siphon off nearly half of all the money that Goldman takes in this year! So, why are they mad? Because you and I are not showing them any love. Believe it or not, Wall Streeters actually expected that their return to grandiose banker bonuses would be greeted with huzzahs and "you the man" cheers from an admiring public, rather than another coast-to-coast explosion of anger.
2 commentscategory: Abuse of Power/Corruption karma: 148

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  1. #1    Shouldn't Greenspan, Paulson, and the CEOs of the Fed, also get their end. After all, they made the latest profits possible.
    written by Hugh since 16 days 16 hours 3 minutesHugh
  2. #2    Wouldn't they feel much better if they used some of the billions they've received to pay back the taxpayers?

    The fly on the wall.
    written by freemanr since 16 days 14 hours 31 minutesfreemanr
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