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Post by redwolf on Dec 21, 2008 10:15:42 GMT -6
AP study finds $1.6B went to bailed-out bank execs By FRANK BASS and RITA BEAMISH, Associated Press Writers "Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages."news.yahoo.com/s/ap/executive_bailouts
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Post by graybeard on Dec 21, 2008 11:29:02 GMT -6
Those dollar numbers should be their bail, not their bonuses.
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