Let’s get this straight.
Congress legislates the largest corporate bailout to date ($700B to $5T) and the CEOs at the nations largest banks – who are now receiving help with debt they should never have taken on – are still planning to pay their executives huge lavish year-end bonuses with taxpayer money?
Just how dumb do these CEOs think we are?
It is unfathomable that in some cases, money has already been spent, and that these firms have reportedly set aside $180B to pay for bonuses to middle and top-level executives.
This is a colossal failure of the free market system and our own political system. In ageeing to pledge taxpayer funds to help out the banks Congress should have mandated a moratorium on executive compensation rather than needing to now do investigations and try to barter with the firms after the prize has been won.
