From CNN Money Feb 23rd:
Bonuses paid to financial services workers in New York jumped 17% to $20.3 billion in 2009, the same year that Wall Street firms received billions in federal aid, according to a report published Tuesday.
The report, from New York State Comptroller Thomas DiNapoli, estimates that industry profits could exceed $55 billion for last year. That would be nearly >>>three times greater than the previous all-time record<<<, but comes after the industry lost a record $42.6 billion in 2008.
DiNapoli said the financial services industry is "vital" to New York's economy, but he acknowledged the massive bonuses are a "bitter pill" for most Americans.
"There's a lot of resentment against the industry over its role in the global economic meltdown," DiNapoli said in a statement. "Taxpayers bailed them out, and now they're back making money while many New York families are still struggling to make ends meet."
This is BS.
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