Belfast Telegraph

US bankers grant themselves $20bn in bonuses

US President Barack Obama has hit out at Wall Street bankers for giving themselves almost $20bn in bonuses last year.

The bonuses were granted despite the fact that widespread recklessness at American banks has brought the country's economy to its knees.

The actions of US bankers have also caused a global economic recession.

Mr Obama has described the $20bn in bonuses as "shameful".

He says bankers who received hundreds of billions of dollars of taxpayers' money to bail out their recklessness should "show some restraint and discipline and sense of responsibility".


From Belfast Telegraph