Thursday, January 29, 2009

An Angry President

Oh, my. Obama went off on the Wall Street honchos who took home huge bonuses after asking for a federal bailout! Gotta say this got my blood pressure rising, too...

Wall Street pays out more than $18 billion in year-end bonuses

Ugh: By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived. 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 [...]
And, here's how NBC Nightly News reported on the President's Wall Street reaction and the overall economic situation.


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