“Referring to a meeting Friday at the White House with the chief executives of banks that have received U.S. government bailout funds, Obama said bankers need to show some restraint from big bonuses during the financial crisis.”
It seems that Zero may have learned a little bit about “public outrage” from the AIG mess. The article is pretty clear - these are banks that received OUR tax dollars as a bail-out - so he’s finally doing something right. For now.
You are aware that many of the execs receiving “bonuses” (including Wagoner of GM) had agreed to work without a salary for this year, right? This was true of AIG as well: many were getting $1.00 per year, and the “bonus” was a way of compensating them that was supposed to enable them to stay on and incentivize them. In addition, most of the AIG execs were actually not the same ones who had gotten the company into trouble in the first place.
Bambi has NO business interefering in the running of private industry. The idea of the President of the US controlling the operation of our companies is intolerable.