Ran across this on Brad DeLong's blog:
Why Does Wall Street Dislike Obama so Much? Non-Financial and Financial Equity Values Since 2007 Edition
It appears that they are using impact on their own personal income, rather than performance of the overall market, when making a choice in their...
On Wall Street, Some Insiders Express Quiet Outrage
Hope that is not quoting too much. It was such a great article that I strongly recommend reading it. Plenty of good information of what is going on and what people have observed.
Any of our financial wizards got an opinion about the accuracy of this article:
http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/1 ?
Am I in the right place, or does this belong in CT?
One year after the largest financial crisis since the Great Depression, with unemployment soaring while folks on main street lucky enough to still have jobs take pay cuts, Wall Street is poised to set a new record for compensation, exceeding the previous high in 2007.
Yep. Everything is great...
Link.
The mind boggles.
Emphasis mine. How are you planning to hold on to these "talented people" if you're going to be re-training them to do other work?
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