How did this happen? In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009. For a minute I had to jump over to the White House website to see if George Bush was back in charge. The Democrats told us that Wall Street got rich because of George Chimpy McBushHitler Halliburton. And yet . . . The dirty little secret is that many of those people on Wall Street who are getting ridiculously rich are Obama supporters. But then the Democrats are so loudly demagoguing Republicans as tools of Wall Street that they hope you don’t notice that fact.
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Is George Bush Suddenly Back in Charge?
Filed under: Fundraising , Wall Street , Ethics , Lobbying The ethics committee found that Reps. Joe Crowley, John Campbell and Tom Price didn’t break the law or any House rules “with their fundraising activities.”
Filed under: Scandal , Investigations , Obama Administration , Wall Street , Ethics , Law , Economy Rattner did not admit to wrongdoing, but agreed to pay restitution to the state and stay away from public pension funds for five years.
Filed under: Wall Street , Deficit , Analysis , Economy Along with foreclosures, financial reform was a big story this past year, but the new law doesn’t address enough of the massive systemic ills that still hamper the global economy.
Filed under: Scandal , Investigations , Wall Street The raids come as federal prosecutors prepare to reveal a number of new inquiries of Wall Street bankers, traders and consultants.
