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In response to
"Yeah, see I don't get it. I thought we wanted them to be profitable. I thought that was the point. "
by
pmb
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As Steve Pearlstein said in today's WP
Posted by
Brian (aka trav007)
Jul 17 '09, 12:13
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"The real problem with Wall Street pay is that these firms simply make too much money relative to the economic value they create."
It's like 2006 again on Wall Street--huge profits and huge bonuses, which is exactly what GS and its compatriots want. There seems to be absolutely no recognition by Wall Street as to how we got here. And if we go down that path again, which Wall Street is doing, destruction awaits us.
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