4:52 PM Eastern - Thursday, December 3, 2009

Christmas is saved for "needy" Bank of America execs

Bank of America announced late Wednesday that it will return $45 billion in TARP funds just in time to avoid those pesky regulations limiting executive bonuses for TARP fund recipients -- clearing the way for 3 top BofA execs to get a combined $1 billion in bonuses.

Not bad for a year in which they had to beg for $199 billion from the American people to stay afloat.

Just before heading to the White House for today's jobs summit earlier today, Anna Burger called on Wall Street and Big Banks to "make good on their debt to society by paying a speculators tax on their obscene profits and transactions" and to fund a bold new jobs program. Read more about SEIU's jobs plan here.

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