This news makes me sick. I hate banks. I recommend you instead store your money under your mattress.
NEW YORK — The New York Attorney General’s office says Citigroup, one of the biggest recipients of government bailout money, paid out $5.33 billion in employee bonuses for 2008.
The attorney general has issued a report Thursday that outlines 2008 bonuses paid to the initial nine banks that received loans under the government’s Troubled Asset Relief Program.
Bank of America, which also received $45 billion in TARP money, paid $3.3 billion in bonuses.