The WilliamBanzai7 Blog

HAPPY DOW (A Banzai7 Film)

I don't know about you, I am tired of all this fraudclosure stuff...I am concerned that our best and brightest will not be adequately rewarded for all their good works!

Thankfully the WSJ today reports:

"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."

And tell me, why shouldn't we handsomely reward the financial psychopaths that brought the economy to its knees, singlehandedly FUBARed the real estate title ownership and recording system and figured out how to turn the capital markets into one big gigantic robot skimming device...while simultaneously preparing to beg us for another round of emergency 2Big2Fail TARP largesse?

Well done Wall Street, keep up the good work!!!!!!!