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Attorney General Cuomo Demands Data on Bank Bonuses

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posted on Jan, 11 2010 @ 10:49 PM
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Attorney General Cuomo Demands Data on Bank Bonuses


www.huffingtonpost.com

New York Attorney General Andrew Cuomo sent letters Monday to eight of the nation's biggest banks -- which also happen to be eight of the original TARP recipients -- demanding to know why they're giving bonuses and how the firms' bonus structure ties pay to performance.

Wall Street is expected to shower its workers with billions as a reward for all the profits they have made by capitalizing on the Federal Reserve's generous policies, including near-zero interest rates. Thanks to low borrowing costs and Uncle Sam buying mortgage-backed securities, banks have been able to book easy profit
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posted on Jan, 11 2010 @ 10:49 PM
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This is a fallow up to the Reserve trying to block us from seeing what they are doing with the 2 trillion of our dollars that were handed to them. It's nice to see a politician with some sense of morality. There are people getting ridiculously rich off this 2 trillion, while average people can't even find a job to feed and house their family. Sick.

www.huffingtonpost.com
(visit the link for the full news article)



posted on Jan, 12 2010 @ 03:33 AM
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news.moneycentral.msn.com...



Didn't see this coming



 
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