Commenting on figures released on 21 January which reveal that Goldman Sachs is to pay staff a total of £10 billion (16.2 billion dollars) in pay and bonuses for 2009, TUC General Secretary Brendan Barber said:
'Goldman Sachs wants us to believe that its bonus payouts are modest. But the truth is that we have set up an international welfare state for super-rich bankers.
'They pay themselves mega bonuses when times are good and expect the rest of us to bail them out when times are tough - even though it was the finance sector that has thrown the world into recession.
'It's time these welfare scroungers paid back through a financial transaction tax that can help fund public services and undo the damage caused by the slump both here and in the developing world.'
The TUC News release can be accessed on the TUC website here.
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