Are You Pissed With The Bankers' Pay???

So they (JP Morgan) made $3.59 billion.

But get this.. they are setting aside $7.3 billion to pay their staff!

Which means the bank is on track to payout $29 billion in pay and bonus!!!!

Does this make sense?

WTF is wrong with our world today?

Where and what are they lawmakers doing?

Is the world really ruled by the bankers now???

Is any sane person out there who is NOT ANGRY WITH WHAT THESE BANKERS are doing?

Hell yes! I am utterly pissed!

Sigh.

JPMorgan heralds return to bumper bonuses

• JPMorgan Chase heralded a return to the golden days of Wall Street bonuses after delivering $3.59bn (£2.25bn) in profits and setting aside $7.3bn to pay staff.
  
  By James Quinn, US Business Editor
  Published: 4:01PM BST 14 Oct 2009
  
  The global banking conglomerate – best known in Britain as the parent company of investment bank JP Morgan – has now set aside $21.8bn in compensation for employees for the first nine months of the year. Should it keep it up, the bank will be on track to hand out as much as $29bn in pay and bonuses this year
  
  The news – combined with expected confirmation on Thursday that Goldman Sachs is on track to pay out as much as $22-23bn in its bonus pot this year – is likely to reignite the row over bankers' pay.
  
  Across the board, Wall Street banks are expected to collectively dole out more than $140bn by the end of the year, a record figure for the US banking sector, beating the previous high of 2007.
  
  JP Morgan Chase appears set to dole out as much as $29bn in compensation at the year-end, a 27pc rise on the last two years, when its total pay pool has amounted to approximately $22.7bn each year.
  
  This year’s bumper pay-out, which will be paid in mid to late December, is therefore likely to equate to $131,304 for each of the bank’s 220,861 employees, compared to a $100,906 pay-out for the 224,961staff the bank at the end of the last year.
  
  JP Morgan received $25bn in financial support from the US government, money it repaid in June, and has handed over a package of linked warrants to the Treasury, which will auction them off to the highest bidder by the end of the year.......

Posted this morning: Bankers To Be Paid Much, Much More In Bonuses!