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Re: Investorman post# 448

Friday, 01/30/2009 11:39:14 AM

Friday, January 30, 2009 11:39:14 AM

Post# of 681
From virtual bankruptcy to billion dollar TARP bonuses.....

What Red Ink? Wall Street Paid Hefty Bonuses
By BEN WHITE
Published: January 28, 2009

By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived.

Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.


http://www.nytimes.com/2009/01/29/business/29bonus.html?_r=2&hp
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