Hard Times, But Big Wall Street Bonuses, The Early Show: Mystery Shrouding How Much Of The Money Will Come From The $700B Gov't. Bailout - CBS News:
For Wall Street workers still employed, there could be a hefty bonus in their checks next month.
According to a report from financial news agency Bloomberg, Goldman Sachs, for example, has set aside $6.8 billion for bonuses, and Morgan Stanley, $6.4 billion.
And the chairman of the House Financial Services Committee, Massachusetts Democrat Barney Frank, isn't happy. "These are people who lost enormous amounts of money," Frank observes. "How do you give a bonus to someone for having failed so badly as many of these people did?"
What's got many on Main Street and Capitol Hill angry, David says, is the possibility that some of the $700 billion government bailout package could go into the pockets of Wall Streeters to pay their bonuses.