Time to get those guillotines set up on Wall Street. How can we stop the thievery? Now they want us to pay their undeserved bonuses? =======
from The Guardian
Wall Street Banks Give $70bn staff payout. Pay and bonus deals equivalent to 10% of US government bail-out package
Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.
Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.
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