Credit Crunch bonuses for Banks

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So the taxpayer again, even though many are struggling to pay rent or mortgages are effectively footing the bill for a bail out not just for banks, but so that its employees will keep getting their bonuses, seems fair!?

Credit Crunch bonuses for Banks

BANKERS at four City firms have collected bonuses of more than £6.4billion this year, despite the worst financial crisis since 1929, it emerged yesterday.

While the rest of the country struggles under the ravages of the recession, London-based traders at Goldman Sachs, Morgan Stanley, Merrill Lynch and Dresdner Kleinwort have been notified of their bumper payouts.