Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record sum that indicates how compensation is climbing despite fury over Wall Street's pay culture. An analysis by The Wall Street Journal shows that executives, traders, investment bankers, money managers and others at 38 top financial companies can expect to earn nearly 18% more than they did last yearâand slightly more than in the record year of 2007. The conclusions are based on an examination of securities filings for the first nine months of 2009 and revenue estimates through year-end. http://online.wsj.com/article/SB100...3136.html?mod=WSJ_hpp_LEFTWhatsNewsCollection UN-BELIE-VA-BLE.
The Banksters better enjoy this while it lasts because people will only take so much before they demand the banking system be dismantled and replaced by a bank that actually represents the people and operates in a fully public way. There is absolutely, positively no reason the Federal Reserve has to operate in such secrecy, aside from the fact that Congress wants them to so they can hide their shady work. Enjoy this Wall Street. The American People will only take so much of this thievery.