And people wonder why people hate unions and wall street....
It’s sheeple taxpayer money for the elites.
Not a fan of NJFatboy but of course they lead the story with the pic of a Republican....
We lock up some poor bozo who steals $200 from a liquor store, while the well-connected steal billions from our families every year in taxes that go to cronie capitalists.
Do “everyday” Americans actually think the Wall street scumbags give their OWN money to the other grifter’s who live large off of the remaining taxpayer money? I have never allowed ANy of my cash to get near the fixed three card monty of Wall street....I am into tangible assets and land purchased outright,and self employment dealing in mainly cash and few personal checks....stay just above the poverty level on paper...be your own tycoon (in a sense) ...disgusting to me how many people do 401’s and other investment plans when they do not know how badly they are getting skimmed.
Tempest in a teapot. In the case of California the $400 million in fees paid on over $300 billion in assets under management is a modest fee given that the brokers returned $19.9 billion in earnings to the California Public Employees Retirement System.
If you earn me $19.9 billion this year I’d be happy to pay you $400 million for your efforts on my behalf and I’d toss in a $10 tip, too.