Attorney General Cuomo Demands Data on Bank Bonuses

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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Related AboveTopSecret.com Discussion Threads:
Federal Reserve Seeks to Protect U.S. Bailout Secrets

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.

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Didn't see this coming