A clip from CNN.com on Congress’ outrage at Wall Street bonuses:
Former New York Mayor Rudy Giuliani on Friday defended corporate bonuses, saying that cutting them also means slashing jobs in the Big Apple.
“If you somehow take that bonus out of the economy, it really will create unemployment,” he said on CNN’s “American Morning.” “It means less spending in restaurants, less spending in department stores, so everything has an impact.”
Who knew TARP money was to be put back into the economy through bonuses?
Tags: CNN.com, Rudy Giuliani, Wall Street bonuses
