Krugman Blasts Wall Street's Return to 2007 Comp Bonanza

Agree 100%....no more taxpayer assistance for Wall Street firms and banks. Rather, spend the money on other stimulative measures such as infrastructure projects, education, and strengthening the social safety net.

Stop the Bailouts period

AMEN!

Bubble up not trickle down!

How about: 1. Raise marginal tax rates for high incomes, to 50-70% 2. Apply the $ 1 million limit for deductible salaries to all compensation paid, including those based on performance. That way, taxpayers/society will share in the astronomical pay on Wall Street without having to micromanage it.

GET OUT OF THE MATRIX!!!!!!! ITS GOING TO CRASH AGAIN!!!!!

www.goldmansachs666.com enough said

Obama wants a European American....

There are some flawed basic driving the current economy. Like bank can take all the depositors money and take it to Vegas as Uncle sam will pick up the tab if they loose. Should not there be a regulation demanding that depositors money has to be inveseted in most conservative way i.e. treasuries. -PB

Ironic that Congress is now looking into bailing out newspapers to which Krugman earns his living with the New York Times. One might ask what the difference might be in bailing them out and its quite simple. No systematic risk and MOST importantly, their long term viability even with a bailout is zero. The New York Times has no chance unless they downsize and become a local paper that their target market, New York liberals want to subscribe to. Otherwise they're cooked.

Krugman is a dour sour puss and a lefty tool. Agree with the opposite of whatever he says! petekent01 (on twitter)

I just can't believe that wall street execs and bankers are so much smarter and are exponentially more talented than many others in our society. The amount of pay they receive is absolutely repulsive, much more than an amount necessary for a rich and satisfying lifestyle. Incestuous board of directors promote the myth that these salaries are necessary. And the salary structure of rewards and bonuses promotes focus on short term performance rather than long term planning. My proposal: enact a high marginal tax rate for high earned income or stock options related to work performance: for example, 90% for income over $5 million dollars. This would create an effective cap on executive compensation. I fail to comprehend why anyone's talent or experience is worth more than $5 million dollars a year.

If you don't like the comp, then don't invest in the stock. Most people who get this comp work way harder and longer than the avg person and is a lot more talented.

Mike v., Get a job, make some money and stop trying to live off of others.

I wouldn't be in such a hurry for a recovery - right around the corner is the price of oil and for every dollar back in your pocket (profit) as the economy strengthens that dollar will just end up in OPEC's pocket -- then, the transportation costs soar along with prices and we will be right back to square one all over again. so really it's all a matter of who you want to get your last nickel -- just a thought

And what capitalist out there cares what Krugman thinks about anything?

Don't you feel that a tax of 50% is enough no matter what? No-body cares how much money Bill Gates or others make! Remember we're a free country of enterprising people! If a baseball player or basketball player can make $15 million per year playing a game--why not an educated financial genius being paid for his "talents" as well!

I think the money has been wasted in bailing out these banks. With a population growth of 2% per year in America, we need to have 150K jobs created per month just to recover all the jobs lost since the beginning of 2008. At this rate under the Obama administration it will take 34 months of steady job growth. What good are large financial institutions in the US if money isnt flowing to companies to create companies and get folks back to work? If these big financial institutions are making big profits and we dont have the job growth, exactly where are these big profits coming from, from the investments make in American companies? The big banks need to be busted up and sold for pennies on the dollar to financial institutions that know what fiduciary responsiblity is about.

that's OK Mike.V, don't let those nasty little boys beat you down. whew, what comments they have for that tough-guy article. yeah, i'm sure Geithner is paying attention to all you that can't get over the election. geez!

Another way they could have made money! Buy HTZ when it was $.61, 10,000 shares. Sell when it hit $6.62 (see the charts). Take the profit and re-invest! This is what us little guys are doing. I have about three more, at last look, that are doing this. No, won't tell!