Bonus billions are back on wall street

User Generated

zan470

Business Finance

Introduction to Business

Description

BONUS BILLIONS ARE BACK ON WALL STREET

Well class, here we go again!!! Shortly after President Obama assumed office, the public was informed the the "bankers" and "wall street" boys are at it again! Please consider the following:

1. These individuals received a "whopping" $140,000.000.000 in bonuses......$10,000,000,000 more than the $130,000,000,000 in bonuses they received the year before!.

2. "Wall Street" is giving out these record bonuses as "Main Street" is still on the verge of calapse!

3. Tax-Payers' Money: As a result of the "bailout" wall street had access to our money to be used without adequate constraints, restrictions, or penalties.

4. According to the media, we are out of the recession, consumer confidence is up, and investors are starting to see acceptable returns on their investments......thus, in part, providing impetus for the awarding of these exorbitant bonuses.

5. However: Unemployment, Mortgage Foreclosures, Productivity, Balance of Trade, and Consumer Savings/Spending/Investing are still at unacceptable levels.

DISCUSSION:

What are your thoughts/opinions?!

Here are a few questions or "food for thought" to get you started:

1. What does this discussion have to do with this course and you personally?

2. Did our government "over-sight" agencies drop the ball?!

3. Are these individuals "high performers" and deserve such exorbitant amounts of money for a job well-done? These are the same people who wrecked the economy?

4. Has the definition of Capitalism changed? Does "New Capitalism" give these individuals the right to extract as much as they can from the economy without consequence.

5. Does our economic system encourage and legalize greed.? Is this acceptable?

Once again, the aforementioned is just to get you started, feel free to expand!

6. What are the Solutions?

DISCUSSION



User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Done. thank you.

Running head: THE WALL STREET SCANDAL DISCUSSION

The Wall Street Scandal Discussion
Name of Student
Name of Professor
Course Title
Date

1

THE WALL STREET SCANDAL DISCUSSION

2

This discussion is of great importance since it points out evil of greed within our nations
as well impacts associated with greed actions to our economy. According to Liu et al ,1992 most
cases of contemporary financial crisis result to disastrous social and economic effects. Such cases
have been termed to occur mostly due to personal greed. The greedy corrupt politicians, investment
bankers and unscrupulous lobbyists have been held responsible for financial crisis in U.S. as
portrayed in investigations, the greedy individuals created a great loss and confusion in Main
Street. The millions and billions of victims of investment scams and subprime mortgage who ended
up losin...


Anonymous
Super useful! Studypool never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags