While most Americans have struggled through this financial crisis, big bankers on Wall Street continue to award themselves lavish bonuses and compensation.
National People’s Action and The New Bottom Line released a new report, Pulling Back the Curtain: Exposing the 1% Behind the 2011 Big Bank Bonuses, that details how the 1% work together to make sure the country’s wealth is concentrated in the hands of the few.
The nation’s top six banks — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, Morgan Stanley and Goldman Sachs — paid out $144 billion in bonuses and compensation for 2011, second only to the record $147 billion they paid out in 2007 at the height of the economic boom.
To download the report click on the link below:
To visit The New Bottom Line’s website click on the link below: