This is nothing short of obscene. Despite pillaging the American taxpayers for more than a trillion dollars in bailouts, Wall Street still plans to pay out $70-billion in pay deals, including bonuses, to its top personnel.
Read the disgusting details in The Guardian
http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking
One source said: "That's a fair question - and it may well be that by the end of the year the banks start review the situation."
ReplyDeleteUgh. I'm beginning to see the reason people turn to communism. It's to spite these greedy buggers.