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New York AG Andrew Cuomo sent letters to eight TARP-covered Wall Street banks and companies...

Jan. 11, 2010 1:27 PM ETBank of America Corporation (BAC) StockBAC, JPM, GS, C, MS, WFC, BK, STTBy: Jason Aycock, SA News Editor3 Comments
New York AG Andrew Cuomo sent letters to eight TARP-covered Wall Street banks and companies (BAC, BK, C, GS, JPM, MS, STT, WFC), requesting details on their bonus and compensation plans - saying pay should be "based on incentives that build strong institutions, not built on incentives that bring the nation to its knees economically and are based on short-term, fictional profits."

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