3.19.2009

Worried about AIG Bonuses? Get a load of the taxpayer subsidies for banks and corps.


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An IPS study of compensation levels in 2007 found that the top 50 investment fund managers took home 19,000 times as much as typical workers earned.

Here's another IPS study regarding taxpayer's lasting relationships with bailed out banks. Apparently we've been bailing out these corporations long before November 2008.

Makes you want your money back, huh?

Sadly, even if Big Brother recouped AIG bonuses tens of billions of dollars in taxpayer subsidies remain for economic terrorist banks and insurance corporations to bask in. The above report includes a chart that identifies taxpayer subsidies for executive splurge and the various reforms now pending in Congress that speak to these problems.

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