Opinion

Wall Street Hypocrisy Invokes Jesus to Justify Bonuses: Opinion

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I am a huge proponent of making as much money as possible. I don't find being rich, wealthy, or well-off incompatible with Christian values. (I, myself, am no longer a practicing Christian, in the interest of full disclosure and complete transparency.)

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I know many wealthy individuals who are quite egalitarian and philanthropic. But let's not conflate making scads of money with the ideals set down by Jesus.

Wall Street would be best served not invoking Jesus to justify record bonuses. If bankers want to display true Christian values, they should keep their base pay and give their bonuses to the poor. That's what Jesus would do!

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Ron Insana has returned to CNBC as a senior contributor to the nation's premier business news network. Prior to his return, Insana was a managing director at SAC Capital Advisers, a $12 billion hedge fund run by Steven A. Cohen. Insana was the president and CEO of Insana Capital Partners, a $120 million fund of funds manager, from March 2006 through August 2008. For over two decades, Insana has been a familiar face on business television, spending 17 years as a veteran anchor at CNBC. Before working at CNBC, he worked as managing editor and senior anchor for the Financial News Network, where he began his career in 1984 as a production assistant. He graduated with honors from California State University at Northridge.

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