One of the more pervasive recent disinformation campaigns, one which has seen the very active media participation of GE-subsidiary CNBC, has been that bonuses on Wall Street are expected to decline on aggregate by 10-20%. After all, Morgan Stanley has gone so far as leaking information to the broader public that employees they may see a 10-30% cut in bonuses: why they would do this makes no sense, as it does nothing but put the bank in a competitive disadvantage vis-a-vis the only commodity on Wall Street: banker "talent." On the other hand, the information makes perfect sense considering that as we recently disclosed, in a Bloomberg poll, over 70% of respondents stated their firm belief that no bankers (of bailed out institutions, which means all of them), should get bonuses this year. Public anger at the banker class is palpable, and nothing is sure to generate spontaneously combustible public non-DA like overhearing a discussion over who will foot (or, better yet, expense) the $50k Cristal bill. So while the media is distributing stories about the imminent poverty of Wall Street, quietly, and behind the scenes, the banking class could ostensibly pocket one of the biggest bonuses paydays in history. And while the plan may have been working effectively until now, a brand new report just released by the New York City Comptroller (who has absolutely no incentive to overestimate revenue numbers, and is in fact motivated to show as a bleak a financial picture a possible to also get on the taxpayer gravy train) throws some cold water in the face of this clever scheme. To wit, from page 16 of the report: "total compensation in the industry is expected to be up modestly once year-end bonuses are paid." So, bonuses are going to be... up?