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71% Of Wall Street Bankers Admit They Are Too Big To Fail (And Underpaid)

Tyler Durden's picture




 

Wall Streeters are not happy. According to the latest Bloomberg poll, 48% believe they are paid less (or much less) than they had hoped for.

 

With the biggest banks cutting costs as new regulations force derisking and deleveraging (in theory), pay is taking a hit (although not so much for the CEOs). As one headhunter noted, "they're still making decent money, but it’s nothing like 2007," but ironically, a massive 71% of Wall Street bankers admit that their banks are still Too Big To Fail.

 

If banks are still too big to fail, don’t just blame the regulators. Thomas Hoenig, vice chairman of the U.S. Federal Deposit Insur­ance Corp., says the fault may lie with the institutions themselves. “They’re just too big and complex to manage,” he says. “Ev­ery time they turn around, they break a rule, violate some sanction. That’s why there is continuing pressure to break them up. The market will force the biggest banks to shrink, divest, or even break up.

 

Source: Bloomberg

 

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Thu, 04/30/2015 - 13:49 | 6047545 ebworthen
ebworthen's picture

Where's the rope?

Thu, 04/30/2015 - 13:54 | 6047556 pods
pods's picture

They ain't Too Fat To Hang.

pods

Thu, 04/30/2015 - 15:06 | 6047809 asteroids
asteroids's picture

Stupid bankers. Bring out the guillotine.

https://www.youtube.com/watch?v=sM-169xrYpQ

Thu, 04/30/2015 - 20:23 | 6048901 jefferson32
jefferson32's picture

This is strictly synonym as the average wallstreeter having expected the average salary.

Thu, 04/30/2015 - 13:55 | 6047559 KnuckleDragger-X
KnuckleDragger-X's picture

How much you need? I'm saving up for that special day and have a couple of spools in the barn, one sisal and one hemp, cause I'm organic that way......

Thu, 04/30/2015 - 14:05 | 6047583 813kml
813kml's picture

Careful, you don't want the DEA knocking down your door.

Thu, 04/30/2015 - 14:09 | 6047599 semperfi
semperfi's picture

if they bring their ho's with them, and some rum, and chips,  that might not be so bad

Thu, 04/30/2015 - 14:07 | 6047590 Yen Cross
Yen Cross's picture

 First the rope needs to be boiled, steamed, and stretched...Then allowed to dry in the desert sun under a buzzard nest.

Thu, 04/30/2015 - 14:18 | 6047628 williambanzai7
williambanzai7's picture

Thu, 04/30/2015 - 23:03 | 6049318 j reuter
j reuter's picture

Check this legitimate ways to mak? money from home, working on your own time and being your own boss... Join the many successful people who have already used the system. Only reliable internet connection needed, no prior experience neccessary, that's why where are here. Start here... www.globe-report.com

Thu, 04/30/2015 - 13:51 | 6047549 buzzsaw99
buzzsaw99's picture

there can be only one

Thu, 04/30/2015 - 13:51 | 6047550 Chuck Knoblauch
Chuck Knoblauch's picture

Who are they comparing themselves to?

 

Thu, 04/30/2015 - 13:59 | 6047571 firstdivision
firstdivision's picture

Gordon Gekko

Thu, 04/30/2015 - 13:52 | 6047551 Jtrillian
Jtrillian's picture

Insert "duh" here.  Now slap yourself! 

Damn derivitives risk exposure...

Thu, 04/30/2015 - 14:05 | 6047585 OldPhart
OldPhart's picture

Slap someone else instead...

Local Zombie Attack: Going Nuts in the Desert

 

Thu, 04/30/2015 - 13:52 | 6047555 economessed
economessed's picture

74.6% of statistics are made-up, so it's not surprising that only 29.3% of respondents believe them 11.2% of the time!

Thu, 04/30/2015 - 14:00 | 6047566 firstdivision
firstdivision's picture

14% of the people polled work at GS

Thu, 04/30/2015 - 13:56 | 6047560 Mister Delicious
Mister Delicious's picture

they are literally all, and by definition, overpaid.

And twats, largely. contemptible, vapid twats.

Thu, 04/30/2015 - 13:57 | 6047563 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Cannot tell the banking bastards from government bastards. both fund each other . .get a rope and a list of names.. where do we start.

Thu, 04/30/2015 - 13:57 | 6047564 madbraz
madbraz's picture

they could suicide themselves for all that i care

Thu, 04/30/2015 - 13:57 | 6047565 i_call_you_my_base
i_call_you_my_base's picture

No moral hazzard here. No sir.

Thu, 04/30/2015 - 14:18 | 6047632 813kml
813kml's picture

If one has no morals there can be no hazards.

Thu, 04/30/2015 - 14:02 | 6047575 lasvegaspersona
lasvegaspersona's picture

These banks hold and control much of the world's paper wealth. When they go so goes the wealth of the people.
As bad as some of the things they are doing seem, if they stop it will all fall apart. Damned we are either way.
Hold Gold!

Thu, 04/30/2015 - 15:09 | 6047830 Thisson
Thisson's picture

Destruction of paper wealth is not the same as destruction of real wealth.  Destruction of these currency-substitutes needs to occur to bring asset prices back into line with real income.

Thu, 04/30/2015 - 14:04 | 6047580 LawsofPhysics
LawsofPhysics's picture

I'd laugh it it wasn't such a fucking crime.  Now that money is created with absolutely no real collateral requirements why in the fuck do we need bankers in the first place.  They are nothing but useless middlemidd between the printer/computer and the REAL economy (producer/consumer).

Fuck em. kill them all.

Thu, 04/30/2015 - 14:04 | 6047581 Yen Cross
Yen Cross's picture

   These (entitled) Ivy~League narcists are going to be the thugs cutting to the front of the EBT line when the "house of cards" falls.

 I predict lots of Banksters receiving nail gun wounds to the back of the cranium, in the near future. Bitchez

Thu, 04/30/2015 - 14:05 | 6047582 kowalli
Thu, 04/30/2015 - 14:05 | 6047584 semperfi
semperfi's picture

what's too big to fail are:

1. U.S. Constitution, which says only gold & silver are money

2. rule of law

 

Thu, 04/30/2015 - 14:24 | 6047654 Mike Honcho
Mike Honcho's picture

"That’s why there is continuing pressure to break them up." - oh, do tell Nancy Drew!

Thu, 04/30/2015 - 14:48 | 6047751 RaceToTheBottom
RaceToTheBottom's picture

What would you expect them to say?  They are clueless and psychopaths.  Of course they think they are too important and always underpaid.

Thu, 04/30/2015 - 18:36 | 6048610 Full Nelson
Full Nelson's picture

I love how banks went from being lube to being the fuel in the tank.

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