The Other 98% Urges Wall Street To Donate Bonuses To Financial Crisis Victims

The Other 98% Urges Wall Street Execs to Donate $91 Billion in Bonuses to Victims of Financial Crisis.

The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street is preparing to hand out this year. The largest Wall Street firms have reportedly set aside more than $91 billion for year-end bonuses. In response, an activist group called The Other 98% has launched a petition calling on employees of Chase, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley and Bank of America to donate their bonuses to the 10 million Americans made homeless by the housing crisis. Democracy Now!'s Amy Goodman and Juan Gonzalez are joined by Alexis Goldstein, a former computer programmer at Morgan Stanley, Merrill Lynch and Deutsche Bank who later got involved with Occupy Wall Street and is now communications director at the group, The Other 98%.

A full transcript of the program is available here.


About Diane Sweet

Diane Sweet's picture
Senior Editor, Lives in a gerrymandered district in Michigan.

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