State Comptroller Thomas DiNapoli last week called for more transparency for Wall Street bonuses funded by taxpayer dollars and stressed that future budgets will need to reflect reduced compensation.

Wall Street bonuses amounted to an estimated $18.4 billion in 2008, a 44% drop from the $32.9 billion in 2007 but comparable to those handed out in 2004, according to a report DiNapoli released last week. The news immediately sparked a national outcry, with many criticizing bonuses in an industry that showed huge losses and is receiving a massive tax-payer-funded bailout. President Obama himself called the bonuses “shameful.”

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