Tag Archives: 20-3-billion

The NY Times is reporting that bankers had a plum year in 2009. While unemployment creeped above 10% and thousands of Americans saw significant reductions in their income, the big banks on Wall Street who helped kick off our exciting Great Recession paid out $20.3 billion in bonuses. A 17% increase over the previous year. Well that's exciting news for bankers (and for the state of New York, which has come to depend heavily on the taxes raised from Wall Street's bonuses). But what does it mean for the rest of us? Source: http://www.nytimes.com/2010/02/24/business/24bonus.html?ref=todayspaper added by: afitzgerald