Was the purpose of the Taxpayer Bailout to Encourage Credit or a Transfer of Wealth to Wall Street Executives?
Richard V asked: The Guardian newspaper in London analyzed corporate pay plans that were recently drawn up by Citigroup, Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan Chase, and Lehman Brothers. The highest-ranking executives of these banks are to split a total of $70 billion in salaries and bonuses this year. Bonuses? The stock prices of [...]