World-News

Wall St. has created such an "obscene" standard of compensation that the big shots really believe "it's hard to live on just a half million dollars a year." This does not appear to be much of an exaggeration. The Federal Reserve Bank of New York reported securities-industry employees averaged $400,000 a year in salary alone last year."

http://www.counterpunch.org/heller10302008.html



Broken Securities Industry Still Has $20 Billion to Pay Bonuses

Five straight quarters of losses and a 70 percent slide in its stock this year haven't stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aVann0.cv9Tw&refer=home


From Information Clearing House



http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=bonus
http://freepage.twoday.net/search?q=Merrill+Lynch