[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/01/29/art.obamageithner0129.gi.jpg caption="President Obama rebuked Wall Street Thursday during a meeting with new Treasury Secretary Timothy Geithner."]
This will get your blood boiling: a new report shows that Wall Street firms handed out $18.4 billion in bonuses last year as companies were seeking government bailouts. OK, sure, that's a 44% drop from 2007, but it's still the sixth-biggest on record.
President Obama calls the payouts "shameful." "There will be a time for them to make profits, and there will be a time for them to get bonuses. Now is not that time," he added.
That tough talk is being back up with some tough action.
Tonight we've learned President Obama is planning next week to unveil a plan to help fix the financial system that will include a crackdown on Wall Street bonuses, according to two senior administration officials. CNN's Ed Henry will have the details from the White House.
What would like to see in the bailout crackdown plan? Share your thoughts below.
We're also following now private citizen Rod Blagojevich. He's been ousted as the governor of Illinois in a state Senate vote of 59-0. A unanimous decision. He's not staying quiet. A little bit after the vote Blagojevich spoke to reporters outside his Chicago home. "The fix was in from the very beginning," he said.
Illinois Lt. Gov. Patrick Quinn gets to change his business card. The 60-year-old tax attorney is now the Governor. We'll have the latest developments on the wild day in Illinois politics.
Join us for these stories and more starting at 10pm ET.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with