Wednesday, January 25, 2006

plain ignunt


"The S&P had a measly return of 4.9 percent. Securities firms gave out a record $21.5 billion in year-end bonuses. That's fair." -Fortune Magazine

um, last time i checked, wall street professionals were in the forefront of the global finanical markets. they are trading complex derivatives, making currency plays, conducting M&A deals, etc. they get paid for the amount of risk they take. in a mediocre market, traders and bankers have to take on additional risk to inflate returns for their big institutional clients, god forbid they get bonuses for being good at their respectives roles. so no, you ignorant masses, it's not fair that i-bankers made more than you this year. it's not fair that YOU dumped all your money into a big ass house that you can't afford and now you can't sell because the real estate market is leveling so you're bitter and jealous. i get my year end bonus next week and i'm going to laugh all the way to the bank!

No comments: