The government is providing Goldman Sachs, Citi and others 10 billion or so as part of the bailout package which is fine if the money actually does some good and stimulates the economy. However, the banks are still going to be distributing huge bonuses at the end of the year, albeit less than the record bonuses distributed last year.
Why should they be receiving a bailout of 10 billion if they will be paying out almost that much in bonuses? So they say the bonuses are down 30-50% from last year...they should be down 100%! The two heads of Goldman will still receive 40 million give or take 5-10 million off of the record 65 million they received last year. Is it just me or is this wrong?