Big bucks on Wall Street stirs up outrageGoldman Sachs disclosed this week it paid CEO Lloyd Blankfein a nearly $54 million bonus in cash, stock and options.
The immense bonus breaks a record set just last week when Morgan Stanley gave a $40 million bonus for CEO John Mack.
To put it into perspective, New York State residents make an average of $46,000, or less than one-tenth of one percent of Blankfein's bonus.
The bonuses come after a banner year for investment banks, including Goldman Sachs' 70% rise in profits to almost $10 billion, the highest in the history of Wall Street.
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"We're looking at three issues that deserve to be at the center of the debate this fall, not just because they are important topics, but because together these stories reveal a powerful and sometimes disturbing picture about how our government works," says Bill Moyers. "The way these issues are playing out should serve as a wake-up call for citizens."October 4, 11, and 18 at 9 p.m. on PBS (check local listings): Mark you calendars, set your TIVO/DVR, or save this link. After the broadcast, each episode will be available in its entirety for [viewing online http://www.pbs.org/moyers]. More info on each broadcast below the fold.
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