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bonuses

Wall Street Fox Plunders Henhouse, Blames Chickens

Former Treasury Secretary Henry Paulson Redefines Chutzpah* (Again) “I believe that the root cause of every financial crisis, the root cause, is flawed government policies.”  — Henry Paulson –Andrew Ross Sorkin, “Five Years After TARP, Misgivings on Bonuses“; The New York Times (8/26/2013) Surprise, surprise, Henry Paulson exonerates himself and the banking industry generally for its role...
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AIG Bonuses: How Big?

AIG Tries to Bury (the latest) Bad News Anyone reading the *Sunday papers is likely to notice the blaring headlines: AIG senior executives are being paid millions in bonuses. That, notwithstanding the almost $200 billion of taxpayer money already injected into the company. What’s interesting, though, is how the news first broke online, then changed...
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