Wall Street bonuses may top last years as earnings soar

  1. Stacie L profile image86
    Stacie Lposted 6 years ago

    Wall Street bonuses may top last years as earnings soar
    Securities industry is on track for second-highest level of profitability


    NEW YORK  Despite the weak U.S. economy, this year could be the second most profitable for New York City's securities industry, and the average bonus may top last year's because so many bankers and brokers have been laid off, the state comptroller said in a report on Wednesday.

    "Wall Street earned $21.4 billion during the first three quarters of 2010," Comptroller Tom DiNapoli said.



    "While much less than last year's record of $61.4 billion, which was fueled by federal assistance, the securities industry is on track in 2010 for the second-highest level of profitability on record," he said.
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    http://www.msnbc.msn.com/id/40681578/ns … nd_economy

    a serious revolt will come between the haves and have nots i think...

 
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