Monday, December 29, 2008
Bank Exec Bonuses
I was one of those outraged at the bonuses, etc. given out by companies who received money from the "bailout." That is, I was until I learned that the federal government strong-armed 9 large banks who did not need or want the money, but were forced to take it to make it appear that it was not a stigma to take the money. If you did not need or want the money, and your executives were up for bonuses, then they should get the bonuses. Unfortunately, nobody's telling the public who the 9 banks were who the government forced to take the money. But there sure are members of Congress using this situation to make the banks who are giving out the bonuses and who probably didn't need the money look bad. Sounds almost like a set-up job. No, it IS a set-up job.