No Pay Cuts for Wall Street Execs

American financial services firms may have had their worst year since the Great Depression, but you could never tell that by looking at how they're compensating their executives. Many of the biggest banks are preparing to pay their execs as much as they did in 2007 or more. Citigroup has cut 23,000 jobs, paid out over $25 billion in 2009. And they're getting almost a trillion dollars of our money. Ridiculous.