Title: Broadside: Bank robbery
Published: Mon, 10 Aug 2009
Description: (NECN: Jim Braude) - Remember last year how congress was in a lather over the big banks that were lining up for bailouts, and setting aside billions for bonuses? Well, guess what. The banks got off Scot-free. Get a load of these he...
Automatically Generated Transcript (may not be 100% accurate)
" Remember last year -- congress was in all lather over the big banks that were lining up for bail -- from setting aside billions for bonuses well. Guess what the banks got off Scott free get a load these headlines in the past few days USA today. Wall Street still raking in billions in bonuses. Bankers win no matter what happens examples Citigroup lost 27 point 68 billion last year. And at the same time paid out five point 33 billion in bonuses. 738. Employees each receive one million dollars or more. Goldman earned two point three billion and paid out four point eight billion in bonuses New York Times effort to rein in Wall Street pay -- new hurdle. Guaranteed bonuses that big banks have made a comeback that's right. The banks are promising multimillion dollar payouts regardless of performance you think you and I can get jobs like that though I forgot. We're the ones who got fired and stuck where the bailout bill's. And then there's this final insult from the Financial Times. Banks make 38 billion from overdraft fees that's right the same bankers that suckered us for ballots so they can pay themselves. Billions in bonuses. Oh reaping huge profits like picking up the overdraft fees for those of us who still have checking accounts and the porous those with low credit score is gonna hit the worst. So let's put this in perspective. The next time you see Americans screaming -- congress over health care reform ask yourself how we get these people for the next annual meeting of Citigroup."
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