Wall Street gorges on record bonuses

Guest starring David Abitbol as Bank Worker.

America is still reeling from the Great Recession, but the people responsible for this mess have opted to give themselves a record-high $144 billion or more in compensation and benefits for 2010.

To put that figure in perspective, that’s the amount President Bush asked Congress to spend on a stimulus package in 2008.

To be fair, Wall Street revenue is expected to rise slightly, and most of the big banks have paid the US government back the money it used to bail them out of the financial crisis. But they’re also benefiting from the low interest rates the Federal Reserve is using to stimulate the economy, which they wrecked. And now they’ve brought us “Foreclosure-gate.”

So why do these people need to have their tax breaks extended?

Wall Street gorges on record bonuses