Still waiting for that trickle down.

Tuesday, October 12th, 2010 @ 9:01 pm | Politics

A rising tide lifts all boats!

Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal. About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.

It would have been socialism to not bail them out.

-mg

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