Wall Street Will Award Record Pay This Year


We like to think that we're reasonable, sensible people. We can't stand Michael Moore and we hate conspiracy theories, for a lot of reasons, but in part because they defy common sense. (Getting a bunch of people to all go along with the same secret thing is totally hard. Think of every surprise party you've ever attended.) But every once in a while, the darkness descends over us and we find ourselves wondering if we're just total rubes. Like this "recession" thing. What if it's just a big ruse? A plot orchestrated to make the rich richer at the expense of the poor? A line the Man is feeding us, like so much Soylent Green?!?! Usually, it is data like this that gives us that feeling:

"Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can expect to earn even more than they did the peak year of 2007, according to an analysis of securities filings for the first half of 2009 and revenue estimates through year-end."

If anyone needs us, we'll be posting anonymously on Zero Hedge and researching cabins in the woods.

Wall Street On Track To Award Record Pay [WSJ]