Fiddling While Rome Burns: Bonuses at All Time High

A record $70 billion in bonuses are planned for Wall Street ‘genuises’this year, despite the worst show of abuse of capitalism in the last 80 years.

At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy the bank.

Good job guys!

Now, during the Canadian election, $25 billion was set aside for Canadian banks.  Was it so that they could free up some cash to do the same?  Should we be on the hook for this kind of stuff?  Are you getting mad yet?