After Taxpayer Bailouts, Wall Street Bonuses Jump

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The Dow Jones Industrial Average rose above 10,000 today, at least for a while. A year after taxpayers bailed out the banks, JP Morgan Chase is making big money again, and today’s Wall Street Journal says banks and securities firms are about to pay employees $140 billion in bonuses, a record high. Peter Cohan is a management consultant and venture capitalist in Massachusetts, where he teaches at Babson College.

Credits

Guest:
Peter Cohan - President, Peter S. Cohan and Associates

Host:
Warren Olney

Producers:
Andrea Brody, Katie Cooper, Christian Bordal