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Wall Street Bonuses

Wall Street Wins Big in Deficit Battle

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Closing a tax loophole on just the 25 top hedge fund managers would pull in twice the revenue as freezing the wages of 2 million federal employees. Apparently the new math of "equality of sacrifice" means that 25 people equals 2 million.

JPMorgan CEO Gets $17 Million Pay Day

AP | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. has granted Chairman and CEO Jamie Dimon stock and options worth $17 million, just a month after one of Wall Str...

It's a Really Bad Time to Be Middle Class in America

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

Obama is being forced to rip open the social fabric of this country to reduce the Bush generated debts.

Adam Smith and the Wall Street Bonuses

John Paul Rollert | Posted 05.25.2011 | Business
John Paul Rollert

In Smith's vision of capitalism, market failure and moral failure went hand-in-hand. Yet Smith realized that it was vanity, not prudence or restraint, that kept the wheels of capitalism turning.

The Market Is in Bubble Mode Again

Steven Bulwa | Posted 05.25.2011 | Business
Steven Bulwa

The market is sending investors the wrong message. The more I watch it rise the more concerned I get. While others applaud the market's gains as a spo...

'Pay Czar's' Rules Had Few Lasting Effects, Watchdog Says

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The government's restrictions on pay at bailed-out banks had little lasting impact because officials soft-pedaled some issues and d...

Banksters Back in the Black: JP Morgan Chase

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

While the Wall Street economy is booming, the real economy is in a dead stall. Only 36,000 jobs were created in January 2011. A roundup of recent headlines shines a light on how big banks like JPMorgan Chase make their big bucks.

Wall Street Compensation Lawyer: 'I Have Friends Who Blame Me For The Crisis'

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Don't blame record levels of Wall Street pay for the financial crisis, one high-powered lawyer tells the Wall Street Journal. In an interview with ...

Regulators May Force Wall Street To Defer Half Of Executives' Bonuses, Wall Street Journal Reports

Reuters | Ben Klayman and Will Dunham | Posted 05.25.2011 | Business

(Reuters) - U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years...

Big Bucks on Egypt's Misery Scale

Phil Trupp | Posted 05.25.2011 | Business
Phil Trupp

Wall Street is prepared to pounce when chaos and pain present classic buying opportunities, especially in a country like Egypt.

Wall Street Preps For Exodus Of Talent To Hedge Funds

Posted 05.25.2011 | Business

BOSTON (By Aaron Pressman) - The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more ...

Wall Street Pay Jumps 5.7 Percent, Breaking Record

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Wall Street pay is rising, while income for normal Americans has stagnated. Even as the real economy limped, financial firms paid employees a reco...

A Frightening "Roadmap" for America in the Republican Rebuttal to the State of the Union

Rep. Jan Schakowsky | Posted 05.25.2011 | Politics
Rep. Jan Schakowsky

I served with Rep. Ryan on the 18 member Commission on Fiscal Responsibility and Reform, and learned firsthand from the personally congenial Ryan just how dark his vision of America's future is for all but the super-rich.

Wall Street Bonus Season Begins

Bloomberg | Amberdeen Choudhury and Bradley Keoun | Posted 05.25.2011 | Business

It's bonus season for Wall Street, and while Goldman Sachs Group Inc.'s employees are learning the extent of their 2010 pay cuts, they'll still take h...

Financial Socialism by and for Wall Street Elites?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Mainstream economists claim that your income reflects the economic value you produce -- at least in free and open markets. So why do people in the financial sector make so much more money than the rest of us?

Barclays CEO: Time For Banks To Apologize Is Over

AP | ROBERT BARR | Posted 05.25.2011 | Business

LONDON — The time for apologies from banks is over, the chief executive of Barclays said Tuesday as he defended the large bonuses earned by some in ...

ReThink Interview: Charles Ferguson, Director of Inside Job

Jonathan Kim | Posted 05.25.2011 | Entertainment
Jonathan Kim

People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?

Sloth, Gluttony, Pride: Wall Street's 7 Deadly Sins Of 2010

Bloomberg | Susan Antilla | Posted 05.25.2011 | Business

The year opened with Sandy Weill whining in a New York Times article that he was horrified to be depicted as a greedy, out of touch Wall Streeter for ...

Wall Street's Ten Biggest Lies for 2010

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Before we completely forget that Wall Street is largely responsible for the economic mess we're in, let's revisit Wall Street's greatest fabrications for 2010.

Will Banks and JP Morgan Chase Be More Ethical in the Coming Year?

Rabbi Shmuley Boteach | Posted 05.25.2011 | Business
Rabbi Shmuley Boteach

Tis' the season to be jolly. Er.. if you're a Wall Street banker, that is, where billions in end-of-year bonuses are about to rain down like manna from heaven.

The Wall Street Tax Debate That Never Was

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Here we are in December 2010 having a debate about "tax reform" that hasn't even touched on a financial transactions tax and a tax on hedge funds. Help me out here. How is this possible?

It's Another Ho-Ho-Horowitz Christmas!

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

You'd better sit still, You'd better not flee, You'd better just chill -- Don't shoot the TV! Bristol Palin's dancing with stars... She's missing t...

It's Beginning to Look a Lot Like Oligarchy

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

It's beginning to look a lot like Christmas Ev'rywhere you go; Take a look in Tiffany's store, glistening once again With Wall Street bonus trinkets a...

Goldman Execs To Get $111 Million In 2007, 2009 Bonuses

Posted 05.25.2011 | Business

Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein and his top deputies will collect about $111.3 million in stock next month in a de...

Ryan Grim

Half Of Bank Pay Could Modify Every Underwater Mortgage

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Wall Street banks are on pace to pay out some $143 billion in compensation for 2010, just shy of their record year of 2007. But given the widespread l...