TELL US SOMETHING WE DON’T ALREADY KNOW
Better yet, why don’t you do something about it?
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.”
Shameful! he says. But illegal? Actionable in any way? Worth substantial sanctions or policy changes?
I’m not holding my breath.
AP story via dday