$18.4 billion in bonuses for the year 2008 by Wall Street? (6th Largest Haul in History!)

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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.

That was the sixth-largest haul on record, according to a report released Wednesday by the New York State comptroller.

While the payouts paled next to the riches of recent years, Wall Street workers still took home about as much as they did in 2004, when the Dow Jones industrial average was flying above 10,000, on its way to a record high.

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http://www.nytimes.com/2009/01/29/business/29bonus.html?hp

THESE CROOKS NEED TO FACE JUSTICE. THEY ARE DELIBERATING RAIDING THE CORPORATE COFFERS FOR THEIR OWN BETTERMENT WHILE LEAVING THE REST OF US TO BAIL OUT THEIR HOLLOW SHELLS OF COMPANIES!