http://nymag.com/news/features/wall-street-2012-2/
And yet...people tell me that Occupy Wall Street failed. No. It was successful more rapidly than my wildest imaginings.
Wall Street changes the way it gives bonuses.
Wall Street changes the way it gives bonuses.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
-Alexander Hamilton
-
AzariLoveIran
Re: Wall Street changes the way it gives bonuses.
.
Bonuses have collapsed not because of protests or laws
Reason they can not pay those bonuses is because the profits have collapsed in all financial sector
why have the profits collapsed ?
because all those profits were fake .. there was no real profits .. there was no wealth generated .. just reshuffling paper and booking perceived profits .. the crooks knew it and took money off the table .. Joe stayed @ the table and was fucked
so
reality is
financial sector is broke many folds over .. many many folds
only by gimmicks, borrowing from FED with Zero rate and buying T-bills, etc, they create a resemblance of profit .. there is no real profit made
Financial sector will shrink for many yrs to come .. so will the commercial real estate, Office building and and and
NY will suffer
.
Bonuses have collapsed not because of protests or laws
Reason they can not pay those bonuses is because the profits have collapsed in all financial sector
why have the profits collapsed ?
because all those profits were fake .. there was no real profits .. there was no wealth generated .. just reshuffling paper and booking perceived profits .. the crooks knew it and took money off the table .. Joe stayed @ the table and was fucked
so
reality is
financial sector is broke many folds over .. many many folds
only by gimmicks, borrowing from FED with Zero rate and buying T-bills, etc, they create a resemblance of profit .. there is no real profit made
Financial sector will shrink for many yrs to come .. so will the commercial real estate, Office building and and and
NY will suffer
.