Huffpost Business

Wall Street Paid Out Large Bonuses In 2008, Despite Recession

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By almost any measure, 2008 was a complete disaster for Wall Street -- except, that is, when the bonuses arrived.

Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.

Read the whole story at nytimes.com

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