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Keyword: wallstreetthugs

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  • At most bailed-out banks, teams at the top remain

    01/31/2009 8:21:38 PM PST · by Tempest · 44 replies · 510+ views
    It's one of the ironies of the U.S. financial bailout: The banking executives now managing billions in taxpayer money are the same ones who oversaw the industry's near collapse. At banks receiving federal bailout money, nearly nine of every 10 of the most senior executives from 2006 are still on the job, according to an Associated Press analysis of regulatory and company documents. Even top executives whose banks made such risky loans that they imperiled the economy have been largely spared any threat to their jobs. Less fortunate are more than 100,000 bank employees laid off during a two-year stretch...