Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited - NYTimes.com

Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited - NYTimes.com: "With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited."