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Goldman Sachs, CitiGroup, Others Mum on How They Are Using TARP Cash

When the nation's chief financial officers begged Congress for $700 billion of taxpayer money, they said it was about saving banks. They didn't say anything about saving bonuses. Despite monumental losses, some Wall Street firms will still be giving out big bonuses this year -- even firms that were bailed out by the government. Goldman Sachs, which accepted $10 billion in government money, and lost $2.1 billion last quarter, announced Tuesday that it handed out $10.93 billion in benefits,... Full Story
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