wsws.org — The five largest Wall Street banks doled out a record $39 billion in bonuses last year, after driving hundreds of thousands of families into foreclosure, causing a financial crisis affecting hundreds of millions, and pushing the US and world economies closer to recession, it appears Wall Street is rewarding itself for a job well done.
Jan 21, 2008 View in Crawl 4
cococookyJan 22, 2008
They are celebrating the destruction of the middle class: That would leave just the ruling class to get richer, and the working class to get poorer. Anybody who thinks they want anything else is fooling themselves.
chaosmotorJan 22, 2008
Just to further reinforce; this is NOT a market, this is mercantilism on the brink of open fascism.
nomad3486Jan 22, 2008
Whether or not this article is biased...whether or not the people that gained should have lost and vice versa...whether or not Wall Street is taking care of their own and neglecting the rest...all I know, is that I need to get closer to some of those rich bankers!!!
envarkJan 22, 2008
Nah, I am not wealthy. I invest.There are two sides to having ENOUGH MONEY:1. Income2. Expenditures.Be a smarter consumer.Invest more.
chrisprJan 23, 2008
Save your birthday presents from mum.
avangionqJan 23, 2008
"The five largest Wall Street banks doled out a record $39 billion in bonuses last year, according to data collected by the Bloomberg news service. After driving hundreds of thousands of families into foreclosure, causing a financial crisis affecting hundreds of millions, and pushing the US and world economies closer to recession, it appears Wall Street is rewarding itself for a job well done." ... in the Federal Reserve Bank legal tender fiat money system, the people that get to use the newly printed money first get to profit while everyone else watches their savings slowly bleed away due to the devaluing of the money through inflation ... since those on Wall Street get to use the newly printed money first, they tend to profit at everyone else's expense ... when the recession does hit and the economy is forced through a crash-break, at least we'll know who to blame -- and who to vent our collective anger against ...
myztryJan 23, 2008
Wealth is completely relative. If everyone was a millionaire then they'd be no value in having a million dollars. These people in the financial sector can increase their wealth by destroying the financial worth of the masses.Sell personal stocks/assets - destroy the market - buy back stocks/assets at a fraction of their original value. You've just made a whole load of wealth... Wait for them to recover value and repeat...The easiest of money is made not by creation, but by destruction...
brad3378Jan 23, 2008
Google "per diem"