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Wall Street Bonuses

Why are We Afraid to Create the Jobs We Need?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

It's not rocket science to create decent and useful jobs. Unemployment is the scourge of our nation. It causes death and disease. It eats away at family life. And it's a profound insult to the richest country on Earth.

A Flood of Wall Street Bonuses, but Less Than a Trickle for the Rest of Us

John Petro | Posted 05.25.2011 | New York
John Petro

Although the bailout has led to record profits in the financial industry, it is far from certain that this flood of bonus payments will trickle down to everyday New Yorkers.

No Accountability in NY or DC: $15 Billion for Jobs, $20 Billion for Bonuses - and Dodd Still Wants to Compromise

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

29 million unemployed Americans will receive less financial support in total than was given out in bonuses to about 165,000 Wall Street employees. If you don't feel like a sucker yet, you're probably not paying attention.

Bloomberg Says Government Control Of Executive Pay Would Be "Soviet"-Style

BusinessWeek | Posted 05.25.2011 | New York

New York City Mayor Michael Bloomberg says the government should not get involved in how much Wall Street executives get paid and says it's a Soviet U...

WARNING: This Video Is Only For People Who Work On Wall Street

Lee Camp | Posted 05.25.2011 | Comedy
Lee Camp

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Wall Street Bonuses Are Up Even As Bank Lending Dives: CHART

businessinsider.com | Joe Weisenthal and Kamelia Angelova | Posted 05.25.2011 | Business

The Business Insider's Joe Weisenthal and Kamelia Angelova produced this great chart juxtaposing the latest data on Wall Street bonuses (up 17%) with ...

Wall Street Bonuses Up 17%, Pay Hits 'Unprecedented' Level, Says NY State Comptroller Thomas DiNapoli

Posted 05.25.2011 | Business

ALBANY, N.Y. (By Michael Gormley, Associated Press) - Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed o...

Capitalism Is Dead, Long Live the Billionaire Bailout Society

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Is it still capitalism when bankers can "earn" a record $150 billion in bonuses during the worst financial year since the Great Depression, even though they caused the crash in the first place?

Dump Summers and Geithner: Bring in Warren and Spitzer

Robert S. McElvaine | Posted 05.25.2011 | Politics
Robert S. McElvaine

The time is overdue for Obama to sack the gold men with ties to Goldman Sachs and replace them with people who will bring honesty and fairness to the nation's financial services sector.

Break Up With Your Abusive Big Bank -- Move Your Money

Scott Kwasny | Posted 05.25.2011 | Denver
Scott Kwasny

Colorado customers of the "Too Big To Fail" banks are sending a clear message that they've had enough of Wall Street excess, and they're hitting the banks where it hurts the most.

Gift Economy

Lee Schneider | Posted 11.17.2011 | Healthy Living
Lee Schneider

What's the gift economy? In simple terms it's about giving stuff away for free without expecting anything back. Hold on, isn't everything supposed to be monetized?

Obama vs. Obama

Michael Brenner | Posted 05.25.2011 | Politics
Michael Brenner

We have in Obama a president who is what we used to call a moderate Republican before the species became extinct. Let's take a clear eyed look at what President Obama actually has done and said.

Bankers' Savvy Indeed

Jeffrey Sachs | Posted 05.25.2011 | Politics
Jeffrey Sachs

How did last month's presidential statements about "obscene" bank bonuses become this month's calm justification? Perhaps the report that Wall Street is shifting its campaign financing to the Republicans had something to do with it?

Wall Street Bonuses: This Year, The Biggest Bonuses Go to Not-So-Big Names

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

It turns out that some of the highest-paid financial executives in America work far from the canyons of Lower Manhattan, at companies that have largel...

Portrait Of The Banker

The New York Observer | Max Abelson | Posted 05.25.2011 | New York

He is the most extraordinarily typical banker on Wall Street, and he's on the minds of preachers, schoolchildren, shoe salesmen, prosecutors, matchmak...

Obama Is No FDR, We're No Mass Movement

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Obama has made his share of blunders. But his statement that we "don't begrudge" the high salaries on Wall Street is about the dumbest thing he's ever said.

The Tea Party Dumps Economic Populism: Where are the Progressives?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The lethal combination of Wall Street's economic domination and the Tea Party's hatred of all things government is likely to overwhelm most other progressive causes. We need our own movement.

$9 Million Bonus For Goldman Sachs CEO Lloyd Blankfein

Posted 05.25.2011 | Business

After much anticipation and speculation, the number everyone on Wall Street has been waiting to hear was finally released late Friday: the bonus haul ...

$150 Billion Reasons why Wall Street Loves Political Gridlock

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Our people are out of work, but we're letting bankers waltz off with $150 billion in bonuses as a reward for crashing our economy? Do something about it!

Will Obama Pay For Wall St. Bonuses?

Douglas Faneuil | Posted 05.25.2011 | Business
Douglas Faneuil

Obama should have forced the banks to commit a percentage of their reserves to lending -- especially to small businesses -- or forced them to pay their bonuses using stock options and not cash.

The Tea Party: Economic Populists or Wall Street Toadies?

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

If the Tea Party fears taxes and big government more than it fears taking on Wall Street, then it will forfeit the mantle of populism.

Barney Frank: SEC Should Make Banks Disclose Pay of Top Employees, Frank Says

bloomberg.com | Jesse Westbrook | Posted 05.25.2011 | Business

Feb. 2 (Bloomberg) -- U.S. Representative Barney Frank said regulators should force companies to disclose compensation for their best-paid employees, ...

A New York State Banker Bonus Tax

George Gresham | Posted 05.25.2011 | New York
George Gresham

New York State should implement a onetime 50 percent payroll tax on bankers' cash bonuses over $50,000, with the proceeds invested in our heath care system and children's education.

Ryan Grim: Goldman Sachs' Bonus To CEO Is 'A Slap In The Face' To Obama

Huff TV | Posted 05.25.2011 | Business
Huff TV

Goldman Sachs CEO Lloyd Blankenfein will reportedly get a $100 million bonus just one year after his company received billions in taxpayer money to su...

Wall Street Pay: Banks Devise Ways To Skirt Compensation Cuts

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Don't shed a tear for seemingly cash-strapped Wall Street workers this year. This year's bonus season may, in fact, be surprisingly rewarding. Banks h...