Star Ledger: Wall Street Drop won't affect year end bonuses...

<p>Anyone else think this is disgusting and ridiculous?</p>

<p>[Wall</a> Street losses won’t put stop to billions of dollars in bonuses - NJ.com](<a href=“http://www.nj.com/timesoftrenton/stories/index.ssf?/base/business-5/122516681937260.xml&coll=5]Wall”>http://www.nj.com/timesoftrenton/stories/index.ssf?/base/business-5/122516681937260.xml&coll=5)</p>

<p>Where is the Democratic congress on this??? Why aren’t they up in arms?</p>

<p>That is unbelievable, the hubris is amazing</p>

<p>[Bloomberg.com:</a> Worldwide](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>

<p>Rep Waxman asks financial firms for information about bonuses.</p>

<p>"Waxman, a California Democrat, asked the nine banks to divulge total company compensation, average compensation for each employee broken down by salaries, bonuses, and benefits, and the reasons for any year-to-year changes in the amounts for 2006, 2007 and 2008.</p>

<p>Waxman also asked for the number of employees paid or projected to be paid more than $500,000, as well as the total and projected compensation for the banks’ 10 highest-paid employees.</p>

<p>More than one-third of Wall Street employees surveyed by a recruitment Web site expect a bigger bonus this year than last year even amid the worst financial crisis since the Great Depression. "</p>

<p>Don’t you love trickle down economics?</p>