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More big bonuses for Wall Street

After a yearlong effort by the Obama administration to reform how Wall Street pays its executives, some of the nation's biggest banks beginning Friday will pay out bonuses nearly as large as those in the best years before the crisis. Read the full article.

By Jodi Westrick  |  January 15, 2010; 7:54 AM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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Actually, I don't care how big their bonuses are, as long as they're taxed at 100%

Posted by: scoogy | January 15, 2010 10:19 AM

Given that jail time would be a far more appropriate reward, I'm forced to answer "No" to this one.

Posted by: ian807 | January 15, 2010 10:54 AM

I just don't get it. Will the people who backed the subprime mortgages which caused the fall get bonus's also? The economy is a wreck, China is eating our lunch (as our banker) and poor Hawaii doesn't have $600000 for a special election for congress but these guy's are getting $20 billion, as in billion with a "B". The criminals are running the country and they are driving it off the cliff while paying themselves handsomely. We got what we paid for in Bush.

Posted by: seasail | January 15, 2010 12:56 PM

Most of the Bankers threaten to quit if they don't get bonuses.
Let them do it. Who is going to hire them. They can be easily replaced by the hundreds of MBA's and PHd's graduted for Wharton, Yale and Harvard. In fact, these young men and women be willing to work for much less than these overpaid excutives get, and bring back honesty in dealing with their clients.

Posted by: czuki97 | January 15, 2010 1:08 PM

Does nobody in our government get that Americans are tired of their inaction on this?

So far, it has been all talk and no action.

We don't need grandstanding on C-SPAN. We need legislation with teeth.

Posted by: postfan1 | January 15, 2010 1:25 PM

pull the explicit taxpayer guarantee, shut down all the Treasury bailouts, and audit the Fed. then let the bankers pay themselves whatever they want.

Posted by: millionea7 | January 15, 2010 1:26 PM

I don't understand why any leader gets a bonus for running a company into needing government assistance. I always thought bonuses were for making profits for you company. If they were making profits that the bosses deserve bonuses for, why did they need our money?

Posted by: Sharon1949 | January 15, 2010 3:10 PM

The idea of people getting huge bonuses for gambling with other people's money is really offensive. I'm a teacher, and I know a number of nationally recognized teachers. None of them get bonuses. I'm sure there are plenty of outstanding police officers and fire fighters who have exemplified their professions--and never gotten a bonus. There are thousands upon thousands of people who in promote the public good through their professions without bonuses. Oh the wall plaques and certificates and letters are nice, but until those who serve society are getting monetary bonuses, let the scumbags who promote greed on Wall Street work for their salaries and not one cent more.

Posted by: jlhare1 | January 15, 2010 3:49 PM

Pay them a decent salary (not a ludicrous one; finding a competent CEO is not remotely as hard as finding someone who can hit like Albert Pujols). Let them invest it, at the market price, in the stock of their own company. If the company succeeds, the value of their stock will rise. Let that be their bonus. Stockholders are being cheated here by the boards of cronies--oops, directors--that routinely hand out these ludicrous payments. CZUK197 is dead on about the readily available talent to run these banks for reasonable compensation. But the boards are good friends of the officers, so they hand 'em the bonuses. Are they getting kickbacks???

Posted by: stuck_in_Lodi | January 15, 2010 4:58 PM

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