Saturday, August 1, 2009

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses

Last year 08, while the bank crashed, CEO Ken Lewis made $6,019 an hour. Taxpayers are backing Bank of America with $199.2 billion .

According to a recent report by New York Attorney General Andrew Cuomo, Bank of America issued $3.33 billion in cash and stock bonuses to executives in 2008, despite receiving $45 billion in bailout funds.

Merrill Lynch, which merged with BofA in January, issued $3.6 billion in bonuses despite having losses of more than $27 billion

Bank Of America Workers Organize Against Closures As Execs Get Big Bonuses

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