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October 28, 2008

$13 Billion Set Aside for Wall Street Bonuses
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Bloomberg is reporting Goldman Sachs and Merrill Lynch have set aside
$13 billion to give out as year-end bonuses, despite the financial
meltdown. One analyst is predicting the average managing director at an
investment bank will receive a bonus of $625,000 this year. Top bankers
could receive as much as $1 million.



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