WASHINGTON: Democratic lawmakers introduced a bill Thursday that would slap a 50-per-cent tax on “excessive” bonuses paid to employees of bailed-out Wall Street banks and investment firms. “It is outrageous that these companies are now doling out millions of dollars in bonuses while the rest of America feels the pain of their reckless decisions,” said [...]

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Oct. 20 (Bloomberg) — A 40 percent jump in Wall Street bonuses this year may bring relief to New York City and Albany as the state and its biggest metropolis struggle with a combined $14 billion in budget deficits this fiscal year and next. New York investment houses will dole out $26 billion in bonus [...]

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Just months after paying back billions in bailout funds,Goldman Sachs reported a profit of $3.19 billion for the third quarter, or $5.25 diluted earnings per common share, exceeding analyst expectations by about $1 a share. Goldman’s earnings were up 270 percent for the quarter compared to the same period last year. It was only about 12 [...]

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