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Bailouts

• The Business Insider

Andrew Cuomo has once again turned the bright glare on Wall Street bonuses, giving everyone a fresh chance to jeer and offer their ideas about how compensation will be reformed. But the obsession with bonuses is a big distraction whichever side you're on. If there's something to be enraged about, it's not the bonuses, it's the profits in the banking sector. Because shareholders of companies like JPMorgan (JPM) and Goldman Sachs (GS) are perfectly happy fattening up their big earners.

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