Every year those big Wall Street bonuses become the talk of the town, but this year it could be for a whole new reason.

There's rumblings on Capitol Hill that lawmakers might look to limit or even do away with bonuses this year.

The first salvos were fired late Tuesday when Rep. Henry Waxman, who chairs the House Committee on Oversight and Government Reform, said he sent letters to the first nine major banks set to receive a capital injection from the government, seeking information on their compensation and bonus plans for 2008 and other years.

He wrote, "I question the appropriateness of depleting the capital that taxpayers just injected into the banks through the payment of billions of dollars in bonuses, especially after one of the financial industry's worst years on record."

Though what's commonly known as the Wall Street bailout package includes modest restrictions on CEO pay, it hardly prevents participating financial firms from paying bonuses to top executives and others.

And it seems many on Wall Street are expecting some big money. eFinancialCareers tells Fast Money, "We thought you'd be interested in the results of post-bailout survey of Wall Street professionals on their bonuses expectations. 2/3 are expecting a 2008 bonus; 36% are expecting that bonus to be higher than their 2007 bonuses. There's even a minority - 10% - that expect this year's bonus to the 33% higher."

Dylan Ratigan is outraged by the news in general. He can't believe that financial services sector could take on so much risk that they need a $750 billion taxpayer funded bailout and then turn around still provide their upper echelon with bonuses.

What do you think? Should regulators limit Wall Street bonuses this year?

FAST MONEY // Latest Rapid Recap

Go to Main Page

Current DateTime: 10:45:03 09 Nov 2009
LinksList Documentid: 26256943

• • Halftime Report: Retail - The Next Sector to Pop
  • BEHIND THE MONEY: 'The Onion' as Trading Indicator
  • Web Extra: The Final Trade
  • Buying Fear: How to Own Volatility
  • Burned by A&F, Alcoa & More
  • Chartology – The Stocks/Jobs Disconnect
  • The Latest Picks That Paid — Friday, November 6
  • Pops & Drops: Burlington Northern, Starbucks, Kraft...
  • Time to Trade on Unemployment
  • BEHIND THE MONEY: Don't be Fooled, Jobs Matter to Stocks

Current DateTime: 10:45:03 09 Nov 2009
LinksList Documentid: 26256941

• Slo-o-o-w Money Slideshow
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to .

Trader disclosure: On Oct.29 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (WMT), (MCD), (SDS), (UUP); Najarian Owns (BNI) Put Spread; Najarian Owns (INTC) And Is Short (INTC) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (PBR); Najarian Owns (MSFT) And Is Short (MSFT) Calls; Seymour Owns (AAPL), (BAC), (F), (MER)

GE Is The Parent Company Of CNBC

CNBC.com with wires

Tools:

PrintEmail

Previous PostBack to Main Page

• 

COMMENTS

More Comments

 

« First | « Previous

Next » | Last »

Thank you for joining our discussion. Your comment has been posted.

ADD COMMENTS

Please Sign In or Register to participate.

In order to add a comment you must click here and accept our terms and conditions.

Edit Screen Name

Please sign-in/optin or register to be able to submit comments.

Remaining characters

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

PREVIEW COMMENT

Your comments have not been posted yet.
Please review your submission to make sure you are comfortable with your entry.

Your Comments: