Word: walles
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...control the actions of companies which have received or will receive government funds to stay solvent. But, the new rules are set up to hit the pocket books of some of the financial firms' employees who bring their employers huges amounts of profit. ( See pictures of TIME's Wall Street covers...
...According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in profits for his firm would probably be paid less than $600,000 under the new rules. Most traders get bonuses at year end. Successful traders can make $10 million or $20 million a year in exchange for pumping up their employer's bottom line...
...Wall St. won't get a chance to humiliate Congress even if the new rules will damage the most profitable parts of the financial system...
...projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms. This, in turn, could cause the failure of some investment funds that hold those shares. (See pictures of TIME's Wall Street covers...
...freshman Daniel Moriarty and sent the puck from the right to sophomore Chris Huxley in the center. Huxley launched a shot through traffic and into the right pocket of the net to reclaim the lead and secure a Crimson victory, 3-2.“McCollem came up the wall, and so I snuck in a little bit and he passed it right through a guy—it was a great pass,” Huxley said of his goal. “I was going to pass over to [junior Doug] Rogers, but the guy took the pass...