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And, yes, I DO take it personally: A lucky star's above, but not for me
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Wednesday, October 14, 2009

A lucky star's above, but not for me

these three articles touting the dow breaking 10,000, the just-announced $3.6B 3d quarter profit of jpmorgan chase and the totally obscene bonus payout predictions remind me of the george and ira gershwin song, "but not for me"...
Dow Closes Above 10,000 For First Time In A Year

UPDATED at 4:15 p.m.

The Dow closed above 10,000 moments ago, pushing above a psychological barrier it has not recorded in more than a year.

The Dow briefly crossed 10,000 at about 1:15 p.m. today, then retreated, then punched above 10,000 after 3 p.m. and held on until closing.

and for those of you looking for work, choke on this...
JPMorgan Chase Reports Strong Profit of $3.6 Billion

JPMorgan’s results — $3.6 billion in profit for the third quarter — fanned hopes on Wall Street that the nation’s financial sector was entering a new period of prosperity, despite lingering troubles. The bank’s robust showing, amid tentative signs that its consumer loan losses might soon peak, has set the pace for other big banks that will report results in coming days.

but before you head to the bathroom to retch, be sure to check this...
Wall Street banks in $70bn staff payout
Pay and bonus deals equivalent to 10% of US government bail-out package

Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.

Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.

if you're feeling like the victim of a con job that might just be because you are...

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