Tuesday, November 10, 2009

Top bailed-out banks to pay $30 billion in bonuses...

Three of the largest Wall Street firms -- which together received $45,000,000,000 in taxpayer bailouts -- are on track to hand out $29,700,000,000 in bonuses this year.

That's only the three largest firms. JP Morgan Chase took $25 billion in government aid; Goldman Sachs and Morgan Stanley, $10 billion each. All three have paid back the government bailout money they've received, but the liquidity and "cheap money" offered by the Fed have kindled record profits at their investment and trading arms. More...

Don't miss:

  1. Goldman Sachs bankers get a 16billion in bonuses!!!
  2. Billions in bonuses for bailed-out bankers...
  3. The greatest scam in the history of the world...
  4. AIG bonuses "staggering in size"

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