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Why Wall Street got so rich, so easily


By tovarichpeter   Follow   Mon, 4 Mar 2013, 9:42am PST   127 views   0 comments
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http://go.bloomberg.com/market-now/2013/02/27/the-reason-wall-street-got-so-rich-in-two-charts/

New York City securities industry bonus went up eight percent last year, to $121,890. Surprised? Didn’t think so. That Wall Street bonuses went up is roughly as unexpected as an airplane getting delayed at O’Hare: it doesn’t happen every time, but you can usually bet on it. That climb has made Wall Street bonuses the focus of the current debate about inequality.

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