The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians

[ProSense]

2. President Obama

"The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians"

...has nothing to do with Wall Street bonuses. From the OP:

Wall Street bankers saw their annual bonuses rise 15 percent on average, hitting the highest level since the financial crisis, according to figures released Wednesday from the New York State Comptroller Thomas DiNapoli.

It's Wall Street being greedy.

On Wall Street, profits are down and the number of workers is shrinking.

But bonuses continue to swell.

Those payouts to Wall Street employees in New York City rose 15 percent on average last year, to $164,530, according to estimates released on Wednesday by Thomas P. DiNapoli, the state comptroller. That was the biggest average bonus since 2007, the year before the financial crisis.

Over all, workers in the securities industry in the city made an estimated $26.7 billion in bonuses last year. The bonus figures encompass everyone from the low-ranking employee to the chief executive, so high payouts to top managers can bring up the average.

That bonuses rose during a challenging environment for the banks reflects a cardinal rule of Wall Street: Firms are willing to pay big for top talent. This held true even as profits overall fell 30 percent to $16.7 billion, according to the comptroller’s report.

- more -

http://dealbook.nytimes.com/2014/03/12/wall-street-bonuses-go-up-as-the-number-of-jobs-goes-down/