Official Banker Backlash: Record Bonuses While Families Struggle to 'Stay Afloat'

With outrage among politicians and the public over pay practices at bailed-out financial firms reaching a peak, the nation's top bankers are testifying today at the inaugural hearing of the Financial Crisis Inquiry Commission. Critics are stewing over recent reports that banks will once again be awarding massive sums of cash and stock to their top staff. The financial crisis had an array of causes but chief among them, many argue, were compensation practices that encouraged excessive...Full Story
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