Never in the history of Wall Street have so many earned so much in so little time.Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. are about to reward their 173,000 employees with $36 billion in bonuses. That's a 30 percent increase from last year's record, and it doesn't include the billions more that will be paid by Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., the three largest U.S. banks, as well as the hundreds of hedge funds and private-equity firms that constitute the financial industry.
The Dems are right, we need a new direction, that bonus money should be redistributed to those in more need! They can send my check to...
Darn that Bush and his failed policies!!!!!
Tuesday, November 07, 2006
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