Thursday, January 21, 2010

Morgan Stanley Profit = $714 per unemployed person

Morgan Stanley (MS) reported earnings today, January 21, 2010, of $5 billion.  With 7 million unemployed that is $714 for each one.   If MS distributed those profits (made from small traders in the proprietary high speed trading operation) to the unemployed, it would be a step to reduce the anger that the public has for these outrageously unfair banks.