This is for 2010-
Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.
About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey.
Notice that the $139 Billion was paid out last year, in what was economically a horrendous year for the majority. And this year, 2010, the compensations and benefits will be even higher.
So while citizens everywhere are losing their homes and enduring hardships, for the actions of the scum banksters. Wall St is having a heyday. With taxpayers money.
Besides the obvious greed and totally undeserved payouts. The 'poor' banksters are considering paying bonuses early to avoid possible tax increases.
Wall Street Worries as Congress Debates Bush Tax Cuts
Just about all of the large banks on Wall Street are considering doling out bonuses this year rather than waiting until early next year, the Times reports, so that bankers' compensation will not be subject to higher taxes. Most banks are reportedly waiting for Goldman Sachs to make the first move.
Are you and I able to avoid higher taxes?
The myth of Canada's banks not needing a bail-out and being so secure?
And of course bonuses
Eight billion is not enough (in bonus pay)
That’s the message that Bay Street delivered to the McGuinty Liberals in Queens Park; eight billion dollars the amount that the captains of Bay Street paid themselves in bonuses last year for having the wisdom to accept the largest corporate bailout in Canadian history. The seventy five billion dollar bank bailout by Canadian taxpayers, that on a per capita basis matches the U.S bank bailout.
Having heard the message the McGuinty Liberals, supported by the Hudak Conservatives have turned its government’s rightful priorities on its head, abandoned fiscal responsibility and moral obligations to throw a further $2 .4 billion of no strings attached corporate tax cuts at their feet. This untargeted tax windfall will cost each and every Ontario household over $500/yr in lost services and increased costs.
Politicians agree with Corporations when Corporations say they need these tax breaks to create jobs and get the economy going. But the numbers prove them wrong. After 10 years of fiscally irresponsible corporate tax cuts in Ontario the rate of corporate investment here in the Ontario economy has actually gone down. Can anyone say Hersheys? Look around where are the promised good jobs. Ontario’s families have paid and paid, and are now being told to pay again. They have paid with increased tuition costs, paid with decreased access to Health care, paid with school closings, tainted meat, unsafe water, and an unstable low paid job market, dominated by private manpower agencies. Enough! A recent Angus Reid poll confirms that 81% of Ontarians support corporations paying their fair share of taxes; because eight billion dollars in bonuses is obscene.
Why do politicians agree with corporations? The don't create jobs? The ever increasing rate of unemployment makes that obvious.
Ontarians (Canadians) want corporations to pay their fair share.
Ontarians (Canadians) pay the salaries of politicians. Shouldn't the politicians listen to the people? Does it get any more obvious who these politicians really serve?