The financial institutions continue to surprise the general public with record pay. However, for those that understand the fraudulent system this comes as no surprise at all. The big banks on wall street have benefited from every government regulation & bailout. Why wouldn't they, the banking lobby has created the the privileged cabal that gets to play with "risk free" money all the while limiting competition. It's a win win. Create disastrous financial instruments, use cheap money from the FED, inflate gigantic bubbles and cry & get bailed out when it all comes crashing down.
It's all interconnected between the Federal government and the Federal Reserve Bank which is allowing the big banks to reap massive profits for doing the governments bidding. This is in an effort to "Stimulate" the economy, but the only thing it's stimulating is the new stock market bubble and banking profits. For those of you who say "Michael, what do you have against banks making profits and paying their people top money". For the record I don't have a problem with banks or any other company making profits and paying their employees current market rates. However, I do have a huge problem with a rigged system that funnels money directly to these institutions when they have literally done nothing of value other than benefit the FED & Government programs.
The general populous really needs to understand what kind of theft and fraud is being perpetrated onto the world. This Keynesian monetary policy will do nothing but destroy your savings and future. Ask yourself "Why are the banking institutions and government workers making so much money during this crisis?" These institutions are nothing more than a leach, a parasite that is sucking the life out of each and everyone of us that isn't part of the government or the banking/investment industry.
You can read more about the record pay here
Wall Street pay scale continues to rise
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Economics
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