Feinberg: $1.7 Bln Bailout Bonuses For Investment Bank Execs

Kenneth Feinberg reported 17 banks gave their top execs $1.7 billion in bonuses while receiving billions of dollars in taxpayer-funded bailouts. The firms, including top Wall Street giants Goldman Sachs (GS), JPMorgan (JPM), American International Group (AIG) and Citigroup (C), made the excessive salary and bonus payments while receiving taxpayer bailout money during the October 2008-February 2009 period.

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1 Comment on Feinberg: $1.7 Bln Bailout Bonuses For Investment Bank Execs

  1. Where's the rest of the article? The rest of the story is that Feinberg isn't even going to *try* to recoup that, because he thinks that "shaming them" is punishment enough. What!!!??? If an ordinary person misappropriated that much money in government funds, they'd be in prison till hell froze over. I want an investigation to see if Feinberg got payoffs from those 17 banks.

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