Bank Bonus Culture.

Just a small snipped of wealth taken from a report by Andrew M Cuomo, Attorney General of NY, "NO RHYME OR REASON:  The 'Heads I Win, Tails You Lose' Bank Bonus Culture" dtd July 30, 2009

 

"Goldman Sachs, Morgan Stanley, and J.P. Morgan Chase - 2008 bonus payments were substantially greater than the banks' net income.  Goldman earned $2.3 billion, paid out $4.8 billion in bonuses, and received $10 billion in TARP funding.  Morgan Stanley earned $1.7 billion, paid $4.475 billion in bonuses, and received $10 billion in TARP funding.  J.P. Morgan Chase earned $5.6 billion, paid $8.69 billion in bonuses, and received $25 billion in TARP funding."

Yeah, take a look at that!  Companies paying more in bonuses than they've earned.  Wow.  As a taxpayer I might as well just send these guys my paycheck in the mail.