Wall Street Bonuses Exceed Profits

716 views · Published 30 July 2009 · 4:55 · Indexed 20 September 2026

Channel: CBS News · 2009 · News & Politics

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NY Attorney General Andrew Cuomo released a compensation study that showed how banks that received bailout funds gave out bonuses that far exceeded their profits. CBS News' Kelly Wallace talks with CBSNews.com's Dan Farber about why this happened.

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