Feinberg: $1.7 Bln Bailout Bonuses For Investment Bank Execs

Kenneth Feinberg reported 17 banks gave their top execs $1.7 billion in bonuses while receiving billions of dollars in taxpayer-funded bailouts. The firms, including top Wall Street giants Goldman Sachs (GS), JPMorgan (JPM), American International Group (AIG) and Citigroup (C), made the excessive salary and bonus payments while receiving taxpayer bailout money during the [...]