Posted by Leonard Steinberg on November 27th 2013 Another story of mis-guided righteousness has emerged today: As a reaction to the outrage over excessive banker-pay, starting in 2009, the biggest Wall Street firms were pressured to pay their top money-makers in restricted stock, which usually vested in 3 or 5 years, rather than cash bonuses. The… [Read More]
BANKERS OUT OF CONTROL AGAIN? BANKER BUREAUCRACY?
Posted by Leonard Steinberg on December 7th, 2011 Are the banks messing things up again? Surely it makes sense to try shifting homeowners in trouble who cannot pay their mortgages into more affordable mortgages that may prevent foreclosure? Apparently not…. The Treasury Department said that JP Morgan is still doing a poor job helping people… [Read More]