Banks That Took TARP Billions Pay Billions in Bonuses.

    JP Morgan Chase took $25 Billion from the Federal Taxpayers under the TARP program.  Goldman Sachs and Morgan Stanley reportedly took $10 Billion apiece.  These are the figures reported by the Financial Times in a chart, "Bonus Breakdown" (July 30 - 31, 2009).

    Here are the figures listed in the same chart for "2008 total bonuses paid" by these people:

• JP Morgan Chase:  $8,693,000,000.00 or $8.693 Billion.
• Goldman Sachs:     $2,322,000,000.00 or $2.322 Billion.

• Morgan Stanley:     $1,700,000,000.00 or $1.700 Billion.

• Id.

     It is interesting to break down the percentages of these Bonus Billions paid, compared to TARP Billions received:

• JP Morgan Chase:  34.7%.
• Goldman Sachs:     23.22%.

• Morgan Stanley:     17.0%.

The next time that someone urges you to believe that these particular institutions did not spend TARP money on Bonuses, remember these actual numbers.

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