. We also present a soundbite by Fox Pitt Kelton "analyst" David Trone, who, based on his extensive experience determines that David Einhorn, who nailed Lehman, is "looking at data from an inexperienced standpoint; investment banks are very complicated." Oh yes David, indeed they are. . Continue reading at Zero Hedge »Join the conversation about this story »See Also:CHARTS OF THE WEEK: The Real Time Indicator That Says The Consumer Is Already Rolling Over 
Share:  <span class="sent">. We also present a soundbite by Fox Pitt Kelton "analyst" <span class="analyst">David Trone</span>, who, based on his extensive experience determines that David Einhorn, who nailed <span class="company">Lehman</span>, is "looking at data from an inexperienced standpoint; investment banks are very complicated."</span> Oh yes David, indeed they are. . Continue reading at Zero Hedge »Join the conversation about this story »See Also:CHARTS OF THE WEEK: The Real Time Indicator That Says The Consumer Is Already Rolling Over...<span class="sent">. We also present a soundbite by Fox Pitt Kelton "analyst" <span class="analyst">David Trone</span>, who, based on his extensive experience determines that David Einhorn, who nailed <span class="company">Lehman</span>, is "looking at data from an inexperienced standpoint; investment banks are very complicated."</span> Oh yes David, indeed they are. . Continue reading at Zero Hedge »Join the conversation about this story »See Also:CHARTS OF THE WEEK: The Real Time Indicator That Says The Consumer Is Already Rolling Over Tweet this 

Only banks that paid back their portion of the $787 billion government bailout were allowed to grant bonuses Another analyst, David Trone of Fox Pitt Kelton Cochran Caronia Waller, estimates that $20 billion in tax breaks will be split between JP Morgan Chase and Morgan Stanley, whose chief executive John Mack is one of the few who did not take the PR route and skip his 2009 bonus With state after state cutting services to balance their budgets, the President still politely asking banks to loan money to small businesses, and unemployment remaining in double digits, just wondering if there are better uses for this $80 billion 
Share:  Only banks that paid back their portion of the $787 billion government bailout were allowed to grant bonuses <span class="sent">Another analyst, <span class="analyst">David Trone</span> of Fox Pitt Kelton Cochran Caronia Waller, estimates that $20 billion in tax breaks will be split between JP Morgan Chase and Morgan Stanley, whose chief executive John Mack is one of the few who did not take the PR route and skip his 2009 bonus </span>With state after state cutting services to balance their budgets, the President still politely asking banks to loan money to small businesses, and unemployment remaining in double digits, just wondering if there are better uses for this $80 billion Tweet this 

But because the banks get the expense related deductions, the actual cost to the banks of paying $200 billion in bonuses is only $120 billion, Mr Willens said Altogether, the top three Wall Street banks — Goldman Sachs, JPMorgan Chase and Morgan Stanley — will gain nearly $20 billion in tax breaks based on their employee compensation this year Mr Willens calculated the tax savings based on the nearly $495 billion in cash bonuses and stock awards that David Trone, an analyst at Fox Pitt Kelton Cochran Caronia Waller, a brokerage firm in New York, has said the three are expected to pay this year Wall Street banks typically set aside half their annual revenue for employee compensation Only firms that have repaid their federal bailout money are allowed to award unlimited bonuses 
Share:  But because the banks get the expense related deductions, the actual cost to the banks of paying $200 billion in bonuses is only $120 billion, Mr Willens said Altogether, the top three Wall Street banks — <span class="company">Goldman Sachs</span>, JPMorgan Chase and Morgan Stanley — will gain nearly $20 billion in tax breaks based on their employee compensation this year<span class="sent"> Mr Willens calculated the tax savings based on the nearly $495 billion in cash bonuses and stock awards that <span class="analyst">David Trone</span>, an analyst at Fox Pitt Kelton Cochran Caronia Waller, a brokerage firm in New York, has said the three are expected to pay this year</span> Wall Street banks typically set aside half their annual revenue for employee compensation Only firms that have repaid their federal bailout money are allowed to award unlimited bonuses...But because the banks get the expense related deductions, the actual cost to the banks of paying $200 billion in bonuses is only $120 billion, Mr Willens said Altogether, the top three Wall Street banks — <span class="company">Goldman Sachs</span>, JPMorgan Chase and Morgan Stanley — will gain nearly $20 billion in tax breaks based on their employee compensation this year<span class="sent"> Mr Willens calculated the tax savings based on the nearly $495 billion in cash bonuses and stock awards that <span class="analyst">David Trone</span>, an analyst at Fox Pitt Kelton Cochran Caronia Waller, a brokerage firm in New York, has said the three are expected to pay Tweet this 

But this is unlikely to mollify anger over the sums.Goldman is not alone. JP Morgan bankers are set to get around $482,000 this year, while Morgan Stanley's staff can expect an average of $252,000 according to estimates by David Trone, an analyst at Fox Pitt Kelton. Eminent names in the economic world are among those critical of the quick return to splashy payouts. At a conference in Britain last week, former Federal Reserve chairman Paul Volcker asked why no bank chief had admitted that such sums were excessive: "Wake up, gentlemen. 
Share:  But this is unlikely to mollify anger over the sums.<span class="company">Goldman</span> is not alone. <span class="sent"> JP Morgan bankers are set to get around $482,000 this year, while Morgan Stanley's staff can expect an average of $252,000 according to estimates by <span class="analyst">David Trone</span>, an analyst at Fox Pitt Kelton. </span> Eminent names in the economic world are among those critical of the quick return to splashy payouts. At a conference in Britain last week, former Federal Reserve chairman Paul Volcker asked why no bank chief had admitted that such sums were excessive: "Wake up, gentlemen. ...But this is unlikely to mollify anger over the sums.<span class="company">Goldman</span> is not alone. <span class="sent"> JP Morgan bankers are set to get around $482,000 this year, while Morgan Stanley's staff can expect an average of $252,000 according to estimates by <span class="analyst">David Trone</span>, an analyst at Fox Pitt Kelton. </span> Eminent names in the economic world are among those critical of the quick return to splashy payouts. At a conference in Britain last week, former Federal Reserve chairman Paul Volcker asked why no bank chief had admitted that such sums were excessive: "Wake up, gentlemen. Tweet this