Trader sues over skimpy $8.25 million bonus

Deeb Salem wrote about “a short squeeze involving derivatives linked to subprime home loans in 2007.”

His comments became featured in a Senate investigation of Goldman Sachs reaping massive profits by betting against the mortgage market as the housing sector tanked in 2006 and 2007.

“You just don’t talk about such things in your job evaluations at Goldman.” Salem says his pay was docked as punishment for his comments. Yep, forgot to shut up, wink and nod.

Meanwhile, there is new data out on income inequality in the US.

Source of graphic

Robert Reich: Even business leaders realize income inequality is crippling the economy

- Tip Johnson