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Why Wall Street had a record year and you didn't
The S&P had a measly return of 4.9 percent. Securities firms gave out a record $21.5 billion in year-end bonuses. That's fair.
If I were a bettin man, I'd say the security firms made most of that bonus money trading oil futures, or oil company stocks. Even though Exxons' bonuses are chump change compared to $21.5 billion. Why are they (securities firms) not being hauled off to see the principal?
comparing apples to oranges? i suppose, but i bet the security firms made their most money from oil related trades.
i feel better now
Sigh!