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(Reuters)   News analysis suggests hypothetical limits of blood from turnips may have been reached   (reuters.com) divider line
    More: Followup, Morgan Stanley, Bank, Investment banking, Investment banks, Goldman Sachs, Harvard Business School, Initial public offering, global team  
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1227 clicks; posted to Business » on 13 Apr 2021 at 6:20 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-04-13 7:04:39 PM  
"Take JPMorgan. Jamie Dimon's bank made $29.5 billion of trading revenue last year and investment banking fees of $9.5 billion, both records. Yet pay remained restrained. Workers in Dimon's corporate and investment banking division got 24% of the revenue they produced, a decade low."

This is Capitalism. Exploitation of the workers for the profits of the few. Textbook.

A reckoning is coming, I suspect.
 
2021-04-13 9:03:46 PM  
Socialize the risk. Privatize then profits. It's the capitalist way.
 
2021-04-13 9:56:44 PM  

Nadie_AZ: "Take JPMorgan. Jamie Dimon's bank made $29.5 billion of trading revenue last year and investment banking fees of $9.5 billion, both records. Yet pay remained restrained. Workers in Dimon's corporate and investment banking division got 24% of the revenue they produced, a decade low."

This is Capitalism. Exploitation of the workers for the profits of the few. Textbook.

A reckoning is coming, I suspect.


From who? The trumpian lumpenproletariat? The bourgeoisie looking to supplant the capitalists?
 
2021-04-13 11:26:08 PM  

Nadie_AZ: "Take JPMorgan. Jamie Dimon's bank made $29.5 billion of trading revenue last year and investment banking fees of $9.5 billion, both records. Yet pay remained restrained. Workers in Dimon's corporate and investment banking division got 24% of the revenue they produced, a decade low."

This is Capitalism. Exploitation of the workers for the profits of the few. Textbook.

A reckoning is coming, I suspect.


If more people used crypto, less people would have to rely on banks at all.
 
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