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The financial work force in New York has shrunk by more than 28,000 since its peak in January 2008, but is still slightly above its level in 2003 after the tech bubble burst, meaning it actually weathered this recession — the worst since the Depression — better than the previous one.
Why blame Wall Street? You want capitalism, the Wall Street fat cats are the best in the game at it. Those big bonuses? They are justified. Some of those traders are literally pulling in millions upon millions of dollars. Would you be pulling your hair out if some car salesman sold 20 million worth of cars and got a giant Wall Street sized bonus out of it?
You cant really have it both ways. We want free market, but, restrict those damn bankers and investment wolves.......
Why blame Wall Street? You want capitalism, the Wall Street fat cats are the best in the game at it.
it isn't capitalism when you're using taxpayer money.
you seem to be in this permenant mental fog. wall street is operating without risk, because large chunks of it are "too big to fail." AIG, Goldman, BofA, Wells Fargo, JPM, Fannie and Freddie are not exactly paragons of the free market.
Why blame Wall Street? You want capitalism, the Wall Street fat cats are the best in the game at it. Those big bonuses? They are justified. Some of those traders are literally pulling in millions upon millions of dollars. Would you be pulling your hair out if some car salesman sold 20 million worth of cars and got a giant Wall Street sized bonus out of it?
You cant really have it both ways. We want free market, but, restrict those damn bankers and investment wolves.......
Those wall street fat cats have stolen from all of us taxpayers unlike a great car salesman. You are comparing apples to oranges.
it isn't capitalism when you're using taxpayer money.
you seem to be in this permenant mental fog. wall street is operating without risk, because large chunks of it are "too big to fail." AIG, Goldman, BofA, Wells Fargo, JPM, Fannie and Freddie are not exactly paragons of the free market.
In so much as the banks are paying back the tax payer money, and in some cases, the government is making huge returns, like on their Citi buy in, what is the problem?
If those big banks fell, another would pick up the slack, and would pay the same bonuses.
Those wall street fat cats have stolen from all of us taxpayers unlike a great car salesman. You are comparing apples to oranges.
Only some have stolen, most took out loans that they are well on their way paying back.
In fact, some investments in those banks have made tremendous returns for us the "taxpayer". Look how much the feds made out on their stake in Citi. Billions and billions of profit on that so far.
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