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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