Tag: The New Class

Wall Street’s Great Heist of 2008

Original article, a perspective from Barry Grey, via World Socialist Web Site:

The Wall Street Journal published a front-page article Friday reporting that the nine biggest US banks, which have received a combined $125 billion in taxpayer funds as part of the $700 billion bailout authored by Treasury Secretary Henry Paulson and passed by the Democratic Congress, owed their executives more than $40 billion for recent years’ compensation and pensions as of the end of 2000.