Nicholas Taleb: The Great Bank Robbery

Re:Nicholas Taleb: The Great Bank Robbery by corysama on Monday September 05, 2011 @06:52PM (#2963521)

Taking Spyro7's estimate of 6.2 million employees in the financial industry that comes out to $2,200,000,000,000 / 5 years / 6,200,000 people = $70,968/year salary per person. Sounds like a lot less of a robbery when you divide it out.

[ Parent | on HN ]

Re:Nicholas Taleb: The Great Bank Robbery by jurjenh on Monday September 05, 2011 @07:35PM (#2963580)

That is a bail-out salary from the tax payer! I'd say that's a pretty hefty robbery, I believe it is well above the average per-capita income, so for most people this is more than a year's wages handed to them by the government.

[ Parent | on HN ]

Re:Nicholas Taleb: The Great Bank Robbery by corysama on Monday September 05, 2011 @07:48PM (#2963607)

Guess that's what I get for doing math with no context. Thanks for the reminder to RTFA.

[ Parent | on HN ]