Thursday, January 29, 2009

Obama's Remarks Are Shameful

These remarks by President Obama are shameful if this is all he’s going to do about this. The bailout money given to the financial industry is theft on a grand scale. These guys all belong behind bars! Right now I am so disgusted that I would rather see the whole system fall about rather than see these greedy bastards getting any more of the taxpayer’s money.

From Obama calls $18B in Wall Street bonuses 'shameful' by Ben Feller:

President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior, calling it "the height of irresponsibility" for employees to be paid more than $18 billion in bonuses last year while their crumbling financial sector received a bailout from taxpayers.

"It is shameful," Obama said from the Oval Office. "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility."

The president's comments, made with new Treasury Secretary Timothy Geithner at his side, came in swift response to a report that employees of the New York financial world garnered an estimated $18.4 billion in bonuses last year. The figure, from the New York state comptroller, drew prominent news coverage.
Read the rest here.

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