<story><title>Banks Paid $32.6B in Bonuses Amid U.S. Bailout (2009)</title><url>http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aHURVoSUqpho</url></story><parent_chain><item><author>tormeh</author><text>&amp;gt;“When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well,” Cuomo’s office said in the 22-page report. “When the banks did very poorly, they were bailed out by taxpayers and their employees were still paid well. Bonuses and overall compensation did not vary significantly as profits diminished.”&lt;p&gt;Waaat. I think the government should stop bailing out businesses. Either you let the company go bankrupt or you nationalize.&lt;p&gt;Also I clearly need a job in banking...</text></item></parent_chain><comment><author>quaffapint</author><text>I work in banking as just another cog. We suffered wage stagnation and no bonuses. The executives on the other hand still got at least a 10% bonus each year, because they had contracts. So, please keep that in mind when it says &amp;#x27;employees&amp;#x27;.</text></comment>
<story><title>Banks Paid $32.6B in Bonuses Amid U.S. Bailout (2009)</title><url>http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aHURVoSUqpho</url></story><parent_chain><item><author>tormeh</author><text>&amp;gt;“When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well,” Cuomo’s office said in the 22-page report. “When the banks did very poorly, they were bailed out by taxpayers and their employees were still paid well. Bonuses and overall compensation did not vary significantly as profits diminished.”&lt;p&gt;Waaat. I think the government should stop bailing out businesses. Either you let the company go bankrupt or you nationalize.&lt;p&gt;Also I clearly need a job in banking...</text></item></parent_chain><comment><author>tomp</author><text>I don&amp;#x27;t mean to detract from your point, but you have to keep in mind the fact that those were loans, and the government actually made money on those loans (AFAIK). Also, if the damage to the economy would be greater than the taxpayer loss of the bail-outs, they still make sense, as long as they are accompanied by legislation that makes hem less likely in the future (which, sadly, hasn&amp;#x27;t happened yet).&lt;p&gt;&amp;gt; Also I clearly need a job in banking...&lt;p&gt;If you want to become a good cook, get a cooking job. If you want to earn good money, get a money (banking) job :)</text></comment>