You Gotta Love The Big Banks!

Discussion in 'Economy' started by kiwiman127, Nov 18, 2011.

  1. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    A week of Wall Street layoffs

    NEW YORK (CNNMoney) -- As protesters find new ways to "Occupy Wall Street", major financial firms have been busy handing out pink slips this week.

    It's the second week of what's expected to be a brutal season for job cuts as big banks have already announced that there will roughly 75,000 fewer people working at their firms.

    <Snip>

    Mid-to-late November is typically the season for layoffs, as banks want to avoid making cuts during the holidays in December. By doing it before year-end, these employees aren't eligible for bonuses.

    A week of Wall Street layoffs - Nov. 18, 2011

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    With all the crap the Big Banks have pulled, from fraud to predatory lending and now this, some people still defend the banks!!!!!
     

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