The Government’s April Jobs Report, and Ours: Why Don’t Things Look Worse?
The Latest Jobs Report from the National Jobs for All Network
In the second quarter, Morgan Stanley lost $1.26 billion. However, it managed to set aside $3.9 billion for bonuses during that time. In fact, despite 3 straight quarters of losses, it has set aside over $6 billion for bonuses. Looks like they're going to need another bailout soon.
From the Washington Post:
Rest of the story is here.