This could get very interesting. The public is going to explode when the bumper crop of bonuses hit the street in the coming days. It's not possible to have such high unemployment and then have outrageous numbers like we're about to see. Wall Street knows that they can get away with it though. Even worse, Washington has helped pave the way, with no strings attached.
New York Attorney General Andrew Cuomo is asking the nation's eight biggest banks to reveal how much they plan to pay out in employee bonuses for 2009.
Cuomo told reporters Monday that he also wants to know how the size of the banks' bonus pool would have been affected if the banks hadn't received a taxpayer rescue at the height of the financial crisis in late 2008.
