Monday, December 24, 2012

There’s plenty of blood in those bank bonus pools

Wall Street banks have had a great year, with profits up above pre-crisis levels. So this is traditionally the time of year when bankers begin licking their chops and salivating over their share of the bonus pool, according to a NY Post report\.

Back in the day — before the crisis — managing directors would pocket between $1 million and $2 million for their trouble. This year, the starched shirt, gold-cufflinked crowd may be in for a bit of surprise — even though the balance sheet looks great.

So can you guess where those bank profits are coming from?  Yes, from the bankers’ silk-lined pockets. For the last several years, their paychecks have been shrinking....

Wait, wait...there's more at

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