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Archive for December 23rd, 2008

Executives in Failed Banks Paid Millions in Bonuses

Tuesday, December 23rd, 2008


Banks that are receiving taxpayer bailouts gave their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, according to an Associated Press analysis.  Benefits included cash bonuses, stock options, company jets, limousines, country club memberships and more.  The 116 banks have so far received $188 billion of our taxpayer money.

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