RSSWhite House officials blast Wall Street bonuses
From: The Washington Times | October 18, 2009
UPDATED: Obama administration officials on Sunday blasted record payouts to the nation’s top Wall Street executives, calling the bonuses offensive and advocating new financial regulations they say would prevent future taxpayer bailouts. The nation’s top financial firms, including many who benefited from money paid out by the federal government through the Troubled Asset Relief Program (TARP), are on track to receive billions more in compensation than they did last year. “The bonuses are offensive,” White House Senior Adviser David Axelrod said Sunday on ABC’s “This Week,” warning companies that took TARP money that “the paymaster at Treasury is working on …
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