Our financial system is crumbling this week.

[Michael]

I'm sure glad I put a significant amount of money in the market two weeks ago.

[/youtube]

[heyzeus]

Good news! The recession ended in June '09. Happy days are here again!

http://money.cnn.com/2010/09/20/news/ec ... htm?hpt=T1

[sighyoung]

Good news! The recession ended in June '09. Happy days are here again!

http://money.cnn.com/2010/09/20/news/ec ... htm?hpt=T1

I'll try to control my elation.

[Freed Roger]

Nice. Wall St people playing the role of persecuted victims of govt after govt bailed their [expletive] arses out

[JackofDiamonds]

That doesn't even touch the foreclosure fraud issue that's going on right now.

[planet planet]

That doesn't even touch the foreclosure fraud issue that's going on right now.

Yeah, what's going on with that? I heard they were putting a freeze on foreclosures.

[Jocephus]

http://news.yahoo.com/s/nm/20101007/pl_ ... whitehouse

[JackofDiamonds]

That's a great thing that he's not signing that bill.

[Jocephus]

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. Compensation was expected to rise at 26 of the 35 firms.

(subscription)
http://online.wsj.com/article/SB1000142 ... 46562.html

[Freed Roger]

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. Compensation was expected to rise at 26 of the 35 firms.

(subscription)
http://online.wsj.com/article/SB1000142 ... 46562.html

So much for putting a few of the rogues in stocks in the town square.

All hail the Masters of Capitalism!