Oooh, it's time for Christmas Bonuses at the TARP companies!!!1 [View All]

[deminks]

http://abcnews.go.com/WN/Business/Story?id=6498680&page=1

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.

(snip)

"Bonuses across Goldman Sachs will be down significantly this year," a bank representative told ABC News. The spokesman refused to disclose the size of the bonus pool or how much of the compensation fund of $10.93 billion was planned for bonuses, but some employees are reportedly being given more than $200,000 in cash.

Morgan Stanley is in the same boat, having received $10 billion in government money. Their bonus pool this season is around $2 billion, according to a report in the New York Times. That figure is down 50 percent from last year.

Many people wonder why the banks' bonus pools would even be $1 this year.

(end snip)

Happy Holidays, Goldman Sachs. How big was Paulson's bonus this year?