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NEW YORK (Reuters) - Wall Street paid out $20.3 billion of bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.
The disconnect with Main Street continues. Mr. DiNapoli acknowledged that many might consider the bonus numbers outsized given the lingering problems in the economy. "It's still a bitter pill for many people," he said. Like hello, do you think? How is the unemployed mother or father feeling this morning after reading this news? Wall St. had better put there PR machines in full blown overdrive in an attempt to spin these numbers. Wouldn’t you love to be a fly on the wall in the Goldman Sachs executive meeting going on right now?

Feb 23 · 8:08:00 AM · Source: Reuters
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by Jerry Byrne