"Wall Street bonuses rise 17 percent" by Associated Press | February 24, 2010
ALBANY, N.Y. - Employees at Wall Street financial firms collected more than $20 billion in bonuses in 2009, the year after taxpayers bailed out the financial sector amid the economic meltdown, state comptroller Thomas DiNapoli said yesterday. The payouts were about 17 percent higher than in 2008.
Yeah, WALL STREET AIN'T HURTING even as you are, America!!!
Total compensation at the largest securities firms grew beyond that figure, and profits could surpass what he calls an unprecedented $55 billion last year, DiNapoli said. That’s nearly three times Wall Street’s record increase, a rate of growth that is boosted in part by the record losses in 2008 of nearly $43 billion, the Democrat said.
Aren't you glad you bailed out banks to the tune of trillions so they could make billions in profit and bonuses while charging you interest to loan you your own money and then pocketing it?
“Wall Street is vital to New York’s economy, and the dollars generated by the industry help the state’s bottom line,’’ DiNapoli said. “But for most Americans, these huge bonuses are a bitter pill and hard to comprehend. . . . Taxpayers bailed them out, and now they’re back making money while many New York families are still struggling.’’
Welcome to 21st-century AmeriKa!
It's past the point of saving, so DIE AS FAST AS YOU CAN, USraeli Empire!!!!
The projections would make the average bonus $124,850.
And what could YOU DO with $125,000 dollars, American?
Aren't you glad you bailed out banks to the tune of trillions so they could make billions in profit and bonuses while charging you interest to loan you your own money and then pocketing it?
In 2008, the average was $112,000, according to DiNapoli’s office. For many of the biggest firms, total compensation was up 31 percent, while sector-wide the average was a 27 percent increase to over $340,000.
WTF? Comptroller can't add?
Those NUMBERS don't ADD UP AT ALL!!!!
That $125,000 was the AVERAGE INCREASE in BONUS, huh, you deceiving hunk of s***?
DiNapoli supports requiring Wall Street bonuses to be tied to long-term profitability.
And nothing fart-mist of a statement that costs him nothing but thinks the public will say, "yeah!?"
DiNapoli reviews tax collections each year and bases his annual projection of Wall Street bonuses on income and other taxes paid in New York City.
“I think it’s in line with what we were expecting in terms of the record profits we’ve seen disclosed on Wall Street and coming off such a terrible year,’’ said Joe Sorrentino, managing director of executive compensation consultant with Steven Hall & Partners. He said that had taxpayers not been furious about funding the bailout that made six- and seven-figure bonuses possible, “the bonuses would have been even higher.’’The fact that they MADE ANY BONUSES at all and KEPT THEIR FUCKING GREEDY HEADS is an outrage.
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