9 Wall Street Execs Who Cashed in on the Boom—and the Bust

The "pay cap" the Obama administration put on seven bailed-out companies was largely symbolic. Here are the unaffected players still making bank off the bubble and the bailout.
November 8, 2011

The following article first appeared in Mother Jones.For more great content from Mother Jones, sign up for their free email updates here.

After Goldman Sachs, JPMorgan Chase, and Morgan Stanley announced hefty profits in the fall of 2009, the Obama administration's pay czar said that he'd cap pay at Citigroup, Bank of America, and five other bailed-out companies. The move was largely symbolic: It capped salaries for only 25 executives, kept big stock bonuses in place, and did nothing to address the culture of rewarding folks who sowed our economic destruction. Below, some of the players who made out like bandits during the bubble and the bailout.
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