Thursday, January 29, 2009

Obama calls Wall Street bonuses 'outrageous' (Video)

No surprise here. Remember, these are the same Wall Street folks who have their hands out for OUR MONEY, because they screwed their's UP!!

The New York comptroller reported this week that Wall Street firms paid out $18.4 billion in bonuses to employees, despite receiving multi-billion dollar payouts from the government to save them from collapse in the face of the worst financial crisis in decades.

Gibbs told a news conference that Obama had a one-word reply when he heard of the reports: "outrageous".

"We're not going to be able to do what is needed to be done to stabilize our financial situation if the American people read about this type of outrageous behavior," he said.

Again, why should we give them OUR TAX DOLLARS, when it is rich business as usual.
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.


Some bankers took home millions last year even as their employers lost billions.

Where is the American public's bonus? Wow, you can hear a pin drop with that question!!

NY Times

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