Senate Banking Chairman: Confiscate Wall Street Bonuses

Senate Banking Chairman: Confiscate Wall Street Bonuses

Sen. Chris Dodd (D-Conn.) has vowed to use all legal means available to confiscate Wall Street bonuses paid out at the end of last year.

Dodd, the chairman of the Senate Banking Committee, told reporters that he would press the Treasury Department to recoup the more than $18 billion in Wall Street bonuses paid out after one of the worst years in stock market history.

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