Three of the largest Wall Street firms -- which together received $45,000,000,000 in taxpayer bailouts -- are on track to hand out $29,700,000,000 in bonuses this year.That's only the three largest firms. JP Morgan Chase took $25 billion in government aid; Goldman Sachs and Morgan Stanley, $10 billion each. All three have paid back the government bailout money they've received, but the liquidity and "cheap money" offered by the Fed have kindled record profits at their investment and trading arms.
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If divided equally among the firms' collective 119,000 employees, the sum total per worker comes to $250,400 each (which Bloomberg notes is almost five times the median US household income of $50,000).
....but hey, do what you want....you will anyway.
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