PPP KINGDOM

PPP KINGDOM

NASSIM TALEB: THE AMERICAN ECONOMY WILL TRANSFER $5 TRILLION TO BANKER PAY + BONUSES OVER THE NEXT 10 YEARS

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For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion.

Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.

http://www.businessinsider.com/american-bankers-do-not-deserve-22-trillion-in-pay-and-bonuses-2011-9

Best Regards,

FINANCIAL WARRIOR

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