As the holidays recede and millions of Americans look ahead to a year of slashed federal food aid and discontinued unemployment benefits, Wall Street bankers are preparing for a $92 billion windfall in end-of-the-year bonuses…
"That $91.44 Billion a year could go a very long way towards undoing the vast damage done by Wall Street’s megabanks that have engaged in megafraud," reads an online petition, organized by Occupy Wall Street spinoff organization, The Other 98 Percent…
According to analysts with compensation consulting firm Johnson Associates, in the first nine months of 2013, big wall street banks set aside $91.44 billion for bonuses with many in the banking sector seeing a rise of as much as 15 percent in their end of year compensation.
"This is from the industry that made ten million people homeless from the foreclosure crisis and also spent the majority of 2013 dodging criminal prosecutions for their many crimes," notes Alexis Goldstein, former wall street professional and current Occupy Wall Street activist.
"You know what Wall Street can do with that money instead of spending it on watches, gadgets and cars? They could help homeowners," she adds.