Theyâre luring traders with a shot at $500,000 commissions for two daysâ work as banks that accepted federal bailouts retrench and slash bonuses. http://www.bloomberg.com/apps/news?pid=20601109&sid=advOE636FaQM&refer=home
How it should be, people leaving bankrupt companies for better prospects at non bankrupt and new companies filling any vacum. This is how capitalism is supposed to work. All this talk of Government interference stifling things misses the point that these banks are bankrupt and would have closed their doors were it not for the Government preventing this. They are on aritificial life support.
I wish I could get a job in one of these new boutiques. They are in for an interesting few years. The experience there will last for a life time.
lol! btw I like to see goldman is going to pay back all their tarp money very soon. it has been a good trade play for me