According to the New York Times, Citigroup, which has $45 billion in bailout money, is raising salaries by as much as 50% for investment bankers and other top executives, to accommodate for smaller annual bonuses.
Citigroup needs to commit to give any new raises to front-line bank employees, who struggle just to make ends meet while dealing with the rising costs of healthcare, not top executives who have contributed to this mess.
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