9:12 AM Eastern - Wednesday, August 5, 2009

Wall Street: Contracts for Me, Not for Thee

Citigroup - recipient of $45 billion in bailout funds - apparently isn't feeling the economic crunch. In fact, it's considering paying a $100 million bonus to one of its employees, protesting that it can't tear up a contract.

Tell that to California state employees.

Almost 100,000 state employees in California are feeling the effects of California's budget crisis - facing furloughs and wage cuts, thousands of state employees are realizing the realities of today's economy.

SEIU's Stephen Lerner compares the two vastly different situations in a segment on CNBC. Watch it:

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