Wall Street Profits–Way UpPosted: March 13, 2011
2010 Wall Street profits were at the second highest level in history. This is 8% below the 2009 level when our financiers profited handsomely from the public bailouts. While the 2010 bonuses were down compared to 2009 it did not mean that Wall Street tycoons made less. What they lost in bonuses was off set by higher base salaries and deferred compensation packages. Before the 2008 economic collapse brought about by the greedy brokers, Wall Street accounted for 20% of State Income. That is now down to 13%. While the fat cats pay less, our Democrat Governor attacks the public workers.