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.
"All of the money is to go into new loans," Frank points out. "None of it is to
go into compensation of any kind for the employees."
rest of article; http://www.cbsnews.com/stories/2008/11/12/earlyshow/main4595179.shtml