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Discussion Starter #1
As they fleece the sheep, they dance on the ruins of the American dream..


Pay on Wall Street is on pace to break a record high once again, according to a study conducted by the Wall Street Journal.

About three dozen of the top publicly held securities and investment-services firms, the Journal says, are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009.

But rising compensation is accompanied by rising revenues and profits, too. According to the study, Wall Street revenue is expected to rise 3%, to $448 billion from $433 billion while profits are expected to increase to $61.3 billion for the firms surveyed, which still falls about 20% short from the record 2006 levels of $82 billion.

“The pay numbers show that firms, benefiting from low interest rates and strong international markets, continue to base their pay on economic and market conditions rather than the level of pressure coming from regulators in Washington and overseas,” the Journal reports.

http://www.theblaze.com/stories/wsj...-wall-street-pay-will-hit-record-144-billion/
 

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They aren't stealing that money. People are paying them for a service. Profit is good.
 

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The "Silent Partners/bod's" are probably doing much better yet.


The bigger problem this reveals...

Is that there is THAT much paper money getting horded.

Vs the trickle down/lifts all boats mentality.


This is along the lines of Machines thread about todays ultra wealthy.
 

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Of the few very wealthy people I know, they give large amounts of their money to worthy causes regularly.

I'm skeptical that if their money was redistributed in smaller amounts to several individuals, whether the total donations would be as much.
 

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Discussion Starter #7
:laughing:

JPMorgan Chase's profit jumps 23 percent in 3Q

By STEPHEN BERNARD, AP Business Writer Stephen Bernard, Ap Business Writer – 1 hr 42 mins ago

NEW YORK – JPMorgan Chase & Co. said Wednesday that its third-quarter profit jumped 23 percent because the banking giant was able to set aside less money to cover loan losses.

CEO Jamie Dimon did warn that loan losses are still high in both the mortgage and credit card portfolios, but they are no longer rising like they did during the recession. That enabled JPMorgan Chase to set aside $1.55 billion to cover losses in its retail financial services division, less than half the $3.99 billion in loss provisions recorded in the same period a year ago. Loan loss provisions in its credit-card business fell to $1.63 billion from $4.97 billion last year.

Dimon said the bank, the country's second-largest by assets and the first big bank to report quarterly results, expects losses in its credit-card division to fall in the next quarter.

The New York bank earned $4.42 billion, or $1.01 per share. It earned $3.59 billion, or 82 cents, during the same quarter last year.

The results came in well ahead of the 90 cents per share that analysts polled by Thomson Reuters were expecting. Shares rose 50 cents to $40.90 in pre-opening trading.

Profit in the investment bank, which has been a big strength for JPMorgan Chase in recent quarters, fell 33 percent. The drop was due mainly to lower fees from underwriting stock offerings.

Debt underwriting picked up sharply, however, as many companies took advantage of historically low interest rates to raise new cash through the bond market instead of through issuing new shares.

Income from trading currencies, bonds and other fixed-income products fell 38 percent during the quarter as interest rates remained low.

JPMorgan Chase and other major banks including Goldman Sachs Group Inc. posted huge trading profits last year as financial markets were recovering from the credit crisis, allowing them to offset losses from defaults on mortgages and credit cards.

Now that investment banking profit is slipping, a pickup in earnings from retail banking is helping JPMorgan Chase. Income from its retail banking division, which had the sharp decline in loan loss provisions, jumped to $907 million from just $7 million during the third quarter last year.

JPMorgan's credit card business earned $735 million in the third quarter after losing $700 million during the third quarter in 2009.

Even though JPMorgan Chase slashed its loss provisions during the quarter, it still holds reserves of 5.1 percent companywide to cover future losses, compared with 5.3 percent during the year-ago quarter.

http://news.yahoo.com/s/ap/us_earns...lYwN5bl90b3Bfc3RvcmllcwRzbGsDanBtb3JnYW5jaGFz
 

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If Obama and his clan had their way they would take it all and it still only a fourth of his failed stimulous:crazy:

Then again their master plan is to not let them (Wall Steet)make any profit, and if you think about that, if Wall street made no profit would all this money go?

If our government doesn't want Wall Steet to make a profit, how long before our government doesnt what you (the tax payer) to make a profit on your investments?:crazy:
 

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Discussion Starter #9
If Obama and his clan had their way they would take it all and it still only a fourth of his failed stimulous:crazy:

Then again their master plan is to not let them (Wall Steet)make any profit, and if you think about that, if Wall street made no profit would all this money go?

If our government doesn't want Wall Steet to make a profit, how long before our government doesnt what you (the tax payer) to make a profit on your investments?:crazy:
:laughing: Wow.. President GiveWallSt.AnythingTheyWant don't want them to make a profit? Come on.. you supposed right wingers need to wake up and smell the coffee. Wall St. wrote his financial reform bill, his admin is full out Goldman Sachs, and he let the insurance industry write the healthcare boondoggle, which will line Wall St.'s pockets even further.. and they will be back in less than 120 days to finish cleaning out the treasury, who's door will be held open by Barry himself.

We were wrong about Barry, he isn't no socialist..
 

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:laughing: Wow.. President GiveWallSt.AnythingTheyWant don't want them to make a profit? Come on.. you supposed right wingers need to wake up and smell the coffee. Wall St. wrote his financial reform bill, his admin is full out Goldman Sachs, and he let the insurance industry write the healthcare boondoggle, which will line Wall St.'s pockets even further.. and they will be back in less than 120 days to finish cleaning out the treasury, who's door will be held open by Barry himself.

We were wrong about Barry, he isn't no socialist..
So, you're saying Barry's been bought? :laughing:
The day the Federal Reserve Act was passed, was the day our liberty was taken from us.
 

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OK. Who stole Vette Newbs password and sign on?? Did Al Franken suck you into a cult and re-program you???
What are you up to?:thumbsup:
 

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Discussion Starter #12
OK. Who stole Vette Newbs password and sign on?? Did Al Franken suck you into a cult and re-program you???
What are you up to?:thumbsup:
:laughing:

Think about it, a socialist, take from the wealthy and provides for all. A socialist nationalizes industry, and the state controls it. A socialist, nationalizes and controls banking.

Barry has not taken anything from the wealthy, that he don't plan on also taking from the middle class and poor. He hasn't nationalized anything, he just let them raid the treasury, with no meaningful strings attached. The banks actually control the country, not vice-versa.

Che Guevara, now he was a socialist. Hugo Chavez, he is a socialist. Fidel Castro, he is a socialist.

Barry talks socialist, walks socialist, but he don't act socialist. His policies have/will hurt the poor and middle class more than anyone else. His bailouts haven't been for mainstreet, only wall st. He sent wall street billions, and sent the average citizen $250 bucks.. :laughing: What has his healthcare bill given poor people, other than reduced services? What has it given middle class? A mandate to purchase goods from a private company. Where did most of his stimulus go? It didn't go to help "the people", it went to small groups, and stimulated nothing. How about his financial reform? This one is the most hilarious.. it was written by Wall st., for Wall St. It reforms NOTHING.

So, he isn't a socialist, he hasn't went full out fascism, not authoritarian, or totalitarian, so wtf is this?
 

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:laughing:

Think about it, a socialist, take from the wealthy and provides for all. A socialist nationalizes industry, and the state controls it. A socialist, nationalizes and controls banking.

Barry has not taken anything from the wealthy, that he don't plan on also taking from the middle class and poor. He hasn't nationalized anything, he just let them raid the treasury, with no meaningful strings attached. The banks actually control the country, not vice-versa.

Che Guevara, now he was a socialist. Hugo Chavez, he is a socialist. Fidel Castro, he is a socialist.

Barry talks socialist, walks socialist, but he don't act socialist. His policies have/will hurt the poor and middle class more than anyone else. His bailouts haven't been for mainstreet, only wall st. He sent wall street billions, and sent the average citizen $250 bucks.. :laughing: What has his healthcare bill given poor people, other than reduced services? What has it given middle class? A mandate to purchase goods from a private company. Where did most of his stimulus go? It didn't go to help "the people", it went to small groups, and stimulated nothing. How about his financial reform? This one is the most hilarious.. it was written by Wall st., for Wall St. It reforms NOTHING.

So, he isn't a socialist, he hasn't went full out fascism, not authoritarian, or totalitarian, so wtf is this?
Barry in only at his first steps. First you have to create a situation that the people will over throw the constituition without using a single bullet. Then you get the people to begg for government to run everything so it will now be too big to fail. what we will end up with is some kind of dictatorship pay attention:lookinup:
 

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Discussion Starter #14
Barry in only at his first steps. First you have to create a situation that the people will over throw the constituition without using a single bullet. Then you get the people to begg for government to run everything so it will now be too big to fail. what we will end up with is some kind of dictatorship pay attention:lookinup:
:laughing: Well I got news for you, from 2000, no one stomped on the constitution more than the Bush admin. He did more damage to the constitution than any president since Teddy Roosevelt or Woodrow Wilson. I still think he was better than Gore or Kerry..

Nothing is too big to fail.. and nothing lasts forever. But you need to re-check your alliances and see who is doing what for whom.
 

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:laughing: Well I got news for you, from 2000, no one stomped on the constitution more than the Bush admin. He did more damage to the constitution than any president since Teddy Roosevelt or Woodrow Wilson.
This is an opionion I do not agree but thats off topic

Nothing is too big to fail.. and nothing lasts forever. But you need to re-check your alliances and see who is doing what for whom.
I have no alliances with anybody and EVERYBODY in Washington has been looking out only for themselves for a long time now. I would go with a tea bag person over anything else as of right now. None of them seem to be in anybody's pockets (yet):lookinup:
 
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