The Big Bank Track Record

The damage big banks have done in just one year is hard to comprehend. Take a look at the numbers:

  • The financial sector has taken $4.7 trillion. in taxpayer dollars over the past year.
  • The bank-driven economic crisis has cost American families $11 trillion in wealth - nearly 18% of our net worth.
  • The crisis isn't over, but banks are already back to their old ways - setting aside more than $140 billion for bonuses in 2009 alone.
  • They continue to hit their costumers with outrageous fees. Americans will pay more than $38 billion in overdraft fees alone in 2009 (that's $125 for every man, woman, and child in the US).

Meet the big banks of Wall Street:

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Big Banks Bonus Bonanza

Once again, Wall Street is on track to pay astronomical bonuses to its star traders, even as the rest of America is reeling from the devastation the banks have unleashed on the global economy. These billion-dollar bonuses come at our expense, have no rational justification, and only serve to destabilize the larger economy. It is time to rein in banker compensation to get the economy working for Main Street again and to prevent another global economic catastrophe in the near future.

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