Wall Street Should Head Down a Shame Spiral.

After a failed bailout of the banks does absolutely nothing for the American taxpayers or the banks for that matter, we are greeted with another slap in the face. Wall Street apparently felt the need to reward its employees for all the stress their experiencing about their future. According the the NY times, Wall Streeters got the 6th largest bonus payout on record. How can this be possible when everyone’s 401ks are in the toilet. Wall Street – What have you done for me lately?

Here’s the article. Read it and then take a look at some of the comments.

By BEN WHITE
Published: January 29, 2009
Despite crippling losses in 2008, financial employees in New York collected an estimated $18.4 billion in bonuses for the year.

http://www.nytimes.com/2009/01/29/business/29bonus.html?partner=permalink&exprod=permalink

Posted via email from John Vasko’s Posterous

Author: John Vasko

I’m an Internet and Social Media Media Enthusiast always trying to keep up with what’s news or what’s new in technology. On this personal blog, you'll find music reviews, photos, weird or tacky things I found online, and lifestreaming.