Billions in bonuses for bailed-out bankers
Archived Articles 02 Aug 2009  EWR
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Nine major Wall Street banks that were among the biggest recipients of the US government bailout paid out nearly $33 billion in bonuses last year, including awards of $1 million or more to nearly 5,000 people, according to a report released Thursday by New York state’s attorney general. Six of the nine banks paid out more in bonuses than they made in profits—proving that the billions from the US Treasury went straight into the pockets of the best-paid executives and traders.

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