Thursday, January 29, 2009

$18.4Bn

What Red Ink? Wall Street Paid Hefty Bonuses
By BEN WHITE, NYT
Published: January 28, 2009
"By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived.

Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.

[emphasis added]

$18,400,000,000.
That's 368,000 median-income households.
How many "employees at financial companies in New York" got bonuses totaling $18.4Bn??
I somehow doubt the number comes close to 368,000!!!

I've lost count, but I believe that something like 100,000 Americans have lost jobs this week (and the week ain't over!).

Yes - let's talk about the redistribution of wealth in America!!!

Have a nice day.

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