Banks Getting Bailout Billions Still Paying Out Bonuses

01/17/2009 05:12 am ET | Updated May 25, 2011
  • abcnews.go.com

Banks that were rescued with billions of dollars in public funds have, in most cases, refused to provide specifics about how they have used or intend to use the money.

ABC News asked 16 of the banks that have received money from the Treasury Department's $700 billion Trouble Asset Relief Program the same two questions: How has your financial institution used the money, and how much has your financial institution allocated to bonuses and incentives this year?

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