Tree of Eden

Bonus Uproar Shifts Wall Street Pay Practices : NPR

Posted in Uncategorized by T.Salami on January 13, 2010

Bonus Uproar Shifts Wall Street Pay Practices

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January 11, 2010

It’s bonus season on Wall Street, and Washington is poised for outrage.

On Sunday, White House economic adviser Christina Romer said that big bonuses at banks are “ridiculous.” And on Monday, White House spokesman Robert Gibbs said, “There are folks who just continue not to get it.”

It’s reported that Goldman Sachs, Morgan Stanley and JPMorgan Chase combined have set aside $47 billion for bonuses. Why do these big banks pay so much in bonuses when they know they’re unpopular with the public?

Posted via web from CNS

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2 Responses

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  1. Sunny said, on January 13, 2010 at 8:58 pm

    Obama turned out to be Wall Streets bitch


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