How is the Economy Treating You?

The first quarter of 2010 has been a bonanza time for the Big Banks: Citigroup recorded a $4.4 billion profit, JP Morgan Chase $3.3 billion, Bank of America $3.2 billion. Goldman Sachs increased profits by 91% over the same quarter last year, coming in with a gain of $3.46 billion. In 2009 the Big Bankers roped in their best-ever paydays, at a total payout of $140 billion. The top 25 hedge fund managers “earned” an average of $1 billion, with the lowest paid getting $350 million. John Paulson took home more than $3billion for the two years preceding the melt down!

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