Bonus Outrage Is Back! Or Not!
It's been a couple of months since we've had a juicy Wall Street bonus scandal. The Post is hoping to reignite the drama today by reporting that Bank of America—which was not one of the financial institutions that returned its bailout cash this week—is continuing to hand out big checks to senior execs. Bank of America insists it has no choice, and that if it doesn't hand out the money, people will flee the firm and work someplace else. You can decide for yourself who you want to feel most sorry for today: the American taxpayer, who's funding these payouts; BofA employees who need to be overcompensated to get them to work at Wall Street's equivalent of the Titantic; or the poor BofA public relations person who doesn't qualify for a big bonus but clearly has the crappiest job at the bank. [NYP]