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2009 Wall Street Bonuses: $140 Billion in Taxpayer Money

by TheCameraObscura | October 15, 2009 at 12:21 pm

174 views | 14 Recommendations | 2 comments

This past summer, angry tea baggers yelled, screamed and berated Democrat lawmakers over government spending on health care. There was also a protest in Washington D.C. over the taxpayer dollars being used to provide Americans basic health care.

However, the tea baggers have been oddly silent since the Wall Street Journal reported that $140 billion of taxpayer dollars will be awarded to the same folks on Wall Street who crashed the economy.

On NBC’s Today Show, Matt Lauer reported on the enormous taxpayer-funded bonuses rewarded to Wall Street, as millions of Americans continue to lose their homes and their jobs: “A Wall Street Journal report says that Wall Street firms are going to pay out about $140 billion in bonuses this year. A year before the economic meltdown, 2007, they paid out about $130 billion. So, it’s gone up.”

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Blue Crush

at 18:09 on October 15th, 2009

I see the gouging hasn't stopped.

mapsguy1955 (not verified)

at 04:12 on October 16th, 2009

That translates to 5.6 million jobs paying 25K a year, more than millions of WalMart workers make. Thank you Wall Street for giving the proverbial finger to middle America. We know where your priorities are. By the way, 5.6 million jobs makes our economy robust.