2008-10-20

Read it and weep

Straight from the Guardian:

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.


I'm not surprised. Sickened, but not surprised. Nothing people do surprises me any more. Especially when it comes to money.

3 comments:

alex said...

Wow.

(except, not really "wow," as it is completely unsurprising and business as usual for these guys...)

deprogram said...

Found a really interesting piece about the top tax brackets that explains exactly why this is happening.

I'll repost it in it's entirety without attribution later.

alex said...

LOL I'd love to read it ("love," as in that watching-a-traffic-accident way), regardless of citations...