Record Setting Bonuses on Wall Street? Two years in a row?

[WhiskeyGirl]

JPMorgan Chase & Co.'s fat investment banking profit masks a dark underside of the U.S. recovery – the housing market is still a mess and homeowners are defaulting at an alarming rate.

Heralding what's in store for other major banks, JPMorgan reported almost $3.6-billion (U.S.) in profit in the third quarter – a stunning 580-per-cent surge from the same quarter last year – cementing the perception that banks are emerging strong and healthy from the recession.

Citigroup, Bank of America and Goldman Sachs also report their results this week, and analysts expect more of the same. Thanks to the cheap credit the Federal Reserve is flushing through the financial system, the major Wall Street banks are generating enormous bond-trading profits.
...

Look beyond Wall Street, however, and it's a different story. Unemployment is rising, incomes are under pressure, credit is tight and Americans are still losing their homes in record numbers. As a result, the housing market, where the recession began, continues to inflict a heavy toll on banks.

Hmmm...Wall Street and the White House party on, and Main Street is left homeless...

What happened to the American dream?  Opportunity for everyone?  Now Americans are not only losing the chicken in the pot, but the pot, the house, and the future.

http://www.theglobeandmail.com/report-on-business/crash-and-recovery/fat-us-bank-profits-mask-housing-woes/article1323796/

Party on!!!


Anyone looking out for Main Street?  All those little people that pay taxes, one way or another?

Where's my billion dollar bailout?