America Discovers That Bailout Will Be Used To Pay Wall Street Bonuses

12/12/2008 05:12 am ET | Updated May 25, 2011

U.S. taxpayers have suddenly noticed where much of the first tranche of the Wall Street bailout is going. Bloomberg's Christine Harper talks to the people:

``I may not understand everything, but I do understand common sense, and when you lend money to someone, you don't want to see them at a new-car dealer the next day,'' said Ken Karlson, a 61-year-old Vietnam veteran and freelance marketer in Wheaton, Illinois...

``Even really sober people are saying this is the worst financial crisis since the Depression, and they're saying bonuses are just going to be reduced?'' said Patrick Amo, a 53-year-old retired merchant marine in Seattle. ``Oh my God, you read that and your jaw drops.''...

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