GOLD 0.51% $1,391.7 gold futures

massive bank bonuses ....

  1. 24,765 Posts.
    "... Goldman Sachs Group Inc. set aside a record $11.4 billion for compensation and benefits in the first half of 2009, up 33 percent from a year earlier, while Morgan Stanley allotted 72 percent of its second-quarter revenue..."

    http://www.bloomberg.com/apps/news?pid=20601087&sid=afx1vwj_G6Qo

    My comment:

    Does this make us believe there are no more problems in the financial system? Just think about it.

    How can everything not be fine if Morgan Stanley can give its employees bonuses totalling 72% of its second-quarter revenue?

    It must be good working as a bank phone operator or a bank teller or a bank clerical worker these days.
 
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