The Other 98% Urges Wall Street to Donate $91 Billion in Bonuses to Victims of Financial Crisis
December 27, 2013
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16:04Now PlayingThe Other 98% Urges Wall Street to Donate $91 Billion in Bonuses to Victims of Financial Crisis
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as posted by the channelThe 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 yearend 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 yearend bonuses. In response, a spinoff of Occupy Wall Street called The Other 98 Percent 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 ten million Americans made homeless by the housing crisis. We 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 Percent.
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