The bank bonuses are more controversial than ever. They’re throwing caution to the wind knowing full well it’s brought our country to its knees. Perhaps it’s because they know we can’t do a thing about it.
I voted for President Obama and I believe he has already done a lot for this country, but I have some questions. I’d like to know when he’ll draw the line and stop the insanity of pure greed that will surely incite more chaos in America. Who runs this country Mr President?
The New York Times wrote:
“Bank executives are grappling with a question that exasperates, even infuriates, many recession-weary Americans: Just how big should their paydays be? Despite calls for restraint from Washington and a chafed public, resurgent banks are preparing to pay out bonuses that rival those of the boom years. The haul, in cash and stock, will run into many billions of dollars.
Industry executives acknowledge that the numbers being tossed around — six-, seven- and even eight-figure sums for some chief executives and top producers — will probably stun the many Americans still hurting from the financial collapse and ensuing Great Recession.
“There is nothing I’ve seen that gives me the slightest feeling that these people have learned anything from the crisis,” Mr. Reed said. “They just don’t get it. They are off in a different world.”
Why do they deserve so much when they are the one that nearly brought this country to financial ruin, while at the same time, they blamed mortgage holders. This was a hostage situation and our country was the victim.
http://www.nytimes.com/2010/01/10/business/10pay.html
Recent Comments