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12 Nov, 2009 02:53

Obama administration quiet on Wall Street bonuses

The Obama administration has done nothing since 2008 with the respect to how year-end bonuses to Wall Street traders are geared. They need to step in, Heather Lowe, Legal Counsel for Global Financial Integrity, told RT.

Regardless of the financial meltdown, some US banks, most of which are recipients of capital injections, are set to pay bonuses. The reports say the payments will even rise this year by 35 to 40 percent.