Basically we have a bunch of crooks on Wall Street
Economists estimate that the $700 billion bailout will cost every American $2,300. ABC News reports the bailout comes less than a year after Wall Street’s five biggest firms—Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley—paid a record $39 billion in bonuses to themselves. Those 2007 bonuses were paid even though the shareholders in those firms last year collectively lost about $74 billion in stock declines. The bonuses paid by these five firms averaged over $200,000 per employee.
