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When compared to the rest of the world, the CEOs and executives in United States banks make too much  money. The CEO of the largest bank in the world, makes only 2 percent of what the CEO of JPMorgan Chase makes.
See the image above for …

A couple of weeks ago, California decided that it would start having to borrow money from banks using IOUs; since then, many banks have decided that they will not accept the worthless sheets of paper being issued by the nearly bankrupt state.
Now, thousands of California …

Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay their shares of $20 billion combined bailout funds out of the $700 billion made available last year to ailing financial corporations. Goldman Sachs, Morgan Stanley, and JPMorgan Chase & Co. …

New jobless claims have jumped in the last week by 667,000. The number is an unexpected rise considering last weeks’ numbers were 631,000.
The Labor Department said Thursday that first-time requests for unemployment benefits jumped to 667,000 from the previous week’s figure of 631,000. Analysts had …

According to a CNBC report from Mad Money…yes. According to CNBC the hard numbers are these:
“Just in the 12 days leading up to the Nov. 24 Citigroup bailout, short selling accounted for over 49% of the total trading volume in that company’s stock. For JPMorgan …