Share the pain
Wall Street has had a bad year on every front. And nearly everyone has suffered.
Right or wrong, the federal government stepped in to shore up the industry and save thousands of jobs.
It’s time for Wall Street to show their thanks to American taxpayers by not paying year-end bonuses. It’s the right thing to do now to show that they are committed to fixing the problems they helped cause.
Wall Street executives cry that they will lose talent. And how is that a bad thing? Are these not the same people who caused the problem in the first place? With more than 100,000 job losses, it’s also a buyer’s market in Manhattan.
The American people have a crisis of confidence in our financial system. The only way to restore that confidence is with leadership and sacrifice.
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