The True Cost of Wall Street Greed

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October 26, 2010 Everyone Wants to Know The response to Kent's special presentation has been overwhelming. Seems everyone wants to know what's really going on in the Gulf. Just go here and get the truth - the whole truth - directly from Kent. Wall Street Bonuses Will Cost Us All in the Long Run By Martin Hutchinson, Contributing Editor, Money Morning Wall Street firms may not be reaping the record-breaking revenues of 2004-2007, but they're paying themselves the lofty bonuses of that lavish era - and they're doing it at our expense and with the government's blessing. Wall Street's pay packages, including bonuses, are set to total 4% more in 2010 than in the already record year of 2009, The Wall Street Journal recently reported. I yield to nobody in respect for the investment banking business - having served as an investment banker for 27 years - but these salaries and bonuses derive from U.S. Federal Reserve subsidies, and are mostly being taken out of the hide of the rest of us.  Wall Street's record bonuses come out of bank earnings that have been pretty robust, though not necessarily record-breaking. This is mainly the result of two Fed subsidies: To find out how you're paying for Wall Street excess and how the economy stands to lose read on... FORECAST: 379% on financial services giant RESULT: 500% Shah Gilani has been right on the money more times than almost anyone. His 379% forecast for this financial services giant was ambitious - but the company shot to 500%! Enough to turn $1,000 into $6,000. Now, nine of his new forecasts are all showing gains… with plenty of room still to grow. Get details on his newest forecasts here... Hot Stocks: Windows Phone 7 Will Give Microsoft a Boost By Don Miller, Associate Editor, Money Morning Microsoft Corp. (Nasdaq: MSFT) has unveiled a lineup of smartphones that use its revamped Windows Phone 7 mobile-operating system in its boldest move yet to return to prominence in the mobile business. The new operating system, which it spent two years developing, is the software giant's latest assault on the crowded smartphone market, where it has struggled to gain a foothold. Microsoft's earlier mobile software was based on the design and interface of Windows desktop operating system. Although those phones showed early promise, the system's growth slowed dramatically as the company was upstaged by competitors like Apple Inc.'s (Nasdaq: AAPL) iPhone and Google Inc.'s (Nasdaq: GOOG) Android software. Read full story... Money Morning Mailbag We'd like to hear from you! If you have an idea that amplifies something you've read in Money Morning, send it to us here to share: mailbag@moneymappress.com. "ALL BRANCHES... of our government ARE IN BUSINESS with Wall Street..." from Money Morning Reader, T.S. Singapore Moves to Restructure Asia's Stock Exchange Model With Australia Merger By Kerri Shannon, Associate Editor, Money Morning Singapore Exchange Ltd. (SGX) announced yesterday (Monday) it agreed to buy Australia's main stock exchange, ASX Ltd., for $8.3 billion. The deal came about because both countries seek strength against growing Asian market competition, and Singapore strives to be a more sophisticated global financial center. In a cash and stock deal, Singapore's stock market operator is offering A$48 (U.S. $47.11) for each ASX share, consisting of A$22 in cash and 3.743 SGX shares per ASX share. The offer is at a 37% premium to what ASX shares traded on Friday. "The combination of ASX and SGX, offering innovative new products and services to the market, will allow customers to maximize future opportunities, where Asia Pacific takes center stage globally as the source for capital, wealth creation and trading opportunities," SGX Chief Executive Officer Magnus Bocker said in a joint statement. Read full story... Why This Stock Could Shoot from $7 to $140 At a small lab 35 miles outside Washington, D.C., scientists have made a biotech breakthrough that could help save the lives of 7.6 million people - per year! Not the Salk vaccine... nor penicillin... nor even open-heart surgery can compare to it's life-saving potential. This small company's stock is around $7 today, yet estimates show it could shoot as high as $140. But what is this drug? Why haven't you heard about it? And how could it return early investors up to 2,000%? All the answers - right here. Vote for Money Morning at.... Facebook Twitter Money Morning Quote of the Day: "Money is neither my god nor my devil. It is a form of energy that tends to make us more of who we already are, whether it's greedy or loving." -Dan Millman Top Stories October 25, 2010 Currency War Carries On as G-20 Meeting Fails to Secure Specific Trade Targets October 25, 2010 Toyota Racks Up Recalls as Automakers Adopt More Proactive Safety Stance October 22, 2010 Intel Corp. Invests $8 Billion to Lead the Next Generation of the Semiconductor Industry Investor Reports October 9, 2010 The Dollar's Unavoidable Day of Reckoning is Here... October 2, 2010 Five Ways to Profit as Coffee Prices Soar September 18, 2010 Cashing in on Canada: Four Ways to Profit - Big - From the World's "Safest Economy" September 11, 2010 Three Ways to Brace for a Double-Dip Recession The Publisher's Series Why Gold Beats the Market Manipulators - Free Report Featured Columns from MoneyMorning.com Buy, Sell, or Hold October 10, 2010 Buy, Sell or Hold: Silver Wheaton Corp. (NYSE: SLW) Is Poised to Profit from the White Metal's Rally Hot Stocks September 28, 2010 Hot Stocks: Southwest Airlines Takes Aim at Bigger Rivals With $1.4 Billion Deal for AirTran John Markman October 10, 2010 Don't Miss Out on the Global Stock Rally Outlook 2010 July 20, 2010 Money Morning Mid-Year Forecast: Why China's Economy Will Exceed Expectations in the Second Half of 2010 Of Special Note: Keith Fitz-Gerald on: Gold: You may not be making as much as you think... Martin Hutchinson on: Can U.S. bank stocks double again in 2010? Horacio Marquez on: The new technology that will replace 148 billion barrels of oil Shah Gilani on: How the government is creating a second subprime mortgage bubble

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