Study: Bank Bonuses Far Exceeded Profits

Several financial giants that received federal bailout money in the last year paid out bonuses to employees in 2008 that greatly exceeded the amount of profit generated by the banks, according to a study on executive compensation released by New York State Attorney General Andrew Cuomo Thursday.

Webmaster's Commentary: 

Translation: We the People got the short, sharp end of the shaft with the bailout, paid for by our tax dollars.

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