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View Full Version : The American Economy Will Transfer $5 Trillion To Banker Pay And Bonuses Over The Next 10




bobbyw24
09-11-2011, 12:59 PM
For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion.

Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.
http://static5.businessinsider.com/image/4e5f9821ecad04cd76000015/goldman-sachs-shadow.jpg

That $5 trillion dollars is not money invested in building roads, schools, and other long-term projects, but is directly transferred from the American economy to the personal accounts of bank executives and employees.

Read more: http://www.project-syndicate.org/commentary/taleb1/English#ixzz1XfinnJWp

Dr.3D
09-11-2011, 01:42 PM
I could have been a banker, but my ethics got in the way. :p

bobbyw24
09-11-2011, 02:01 PM
I could have been a banker, but my ethics got in the way. :p

Ha!

DamianTV
09-12-2011, 01:56 AM
Isnt $5 Trillion all that is left of the economy that doesnt belong to the banks? Although it is ALL owned by the Banks, are they planning on taking every last dime the people have left?