The five largest Wall Street banks doled out a record $39 billion in bonuses last year, after driving hundreds of thousands of families into foreclosure, causing a financial crisis affecting hundreds of millions, and pushing the US and world economies closer to recession, it appears Wall Street is rewarding itself for a job well done.
Wednesday, January 23, 2008
Amid Record Losses, Wall Street Awarded Itself $39 Billion
The five largest Wall Street banks doled out a record $39 billion in bonuses last year, after driving hundreds of thousands of families into foreclosure, causing a financial crisis affecting hundreds of millions, and pushing the US and world economies closer to recession, it appears Wall Street is rewarding itself for a job well done.
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