Outrage Greets Wall Street BonusesPhil Mintz
There's little sympathy for Wall Street bonus babies. On Jan. 28, New York State Comptroller Thomas P. DiNapoli issued a report showing that bonuses fell 44% in 2008—yet the size of the securities industry bonus pool, estimated at $18.4 billion, was the sixth-highest on record. Considering that many Wall Street firms benefited from federal bailout dollars, the online reaction has been swift—and negative.
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