Wall Street cash bonuses highest since 2008 crash: report

[ND-Dem]

The average bonus on Wall Street jumped 15 percent last year to the highest level since the 2008 financial crisis and was the third largest on record, New York State's budget watchdog said on Wednesday.

The cash bonus pool swelled to $26.7 billion in 2013, pushing the average cash bonus to $164,530, a post-2008 high in a industry shrunk by the financial crisis, according to the New York state comptroller's annual estimate.

The increased payouts came as Wall Street posted a fifth consecutive year of profits after record losses during the crisis. Profits for broker-dealer operations of New York Stock Exchange member firms, however, fell 30 percent to $16.7 billion in 2013, the report said.

http://www.reuters.com/article/2014/03/12/us-usa-bonuses-idUSBREA2B0WA20140312

[FargoGuy]

1. Thank you Federal Reserve

Barrack Obama and let's not forget how Occupy Wall Street changed the course of history!

Or not.

[RiverLover]

2. Fox is big in Fargo?

Occupy couldn't make a difference because it was shut down by our police state.

Deregulation of Wall Street has been the fault of BOTH parties in DC.

[C_U_L8R]

3. And why do they like Republicans?

Again and again Republicans have crashed the economy. While Democrats deliver boom times. Is Wall St so dumb that ideology gets in the way of their greed ??? Baffling.