Comments on: Obama Calls Wall Street Bonuses "Shameful"

[donbl1]

The government did not "give" money to anyone.

The government bought preferred shares at market priced yield with payback in 5 years, if I remember right.

The issue is: Are the boards approving these as fair or are they not minding the store?

We can not have the government thinking they have the authority as they don''t.

BTW, the bonuses have more stimulus that the "stimulus" package that is really pork that was passed by the house.

[newsjunky5]

$18 Billion must be put in perspective. It''s a million dollars for 18,000 people.

[art001-2009]

It is reportedly "unclear" if taxpayer money helped fund the bonuses.
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Ultimately, its the tax payer that pays these bonuses one way or the other.
Tihs is what is wrong with corporate america and this is partially the reason why we are here. We need legislation to control CEO bonuses. there is no one in the world that deserves to be paid that much. It is just ludicrous.

[jamster31]

Greed at it''s fullest. These greedy askholes need to go hungry a while and be humbled.

[jc80013]

If I remember right it was a Republican stimulus that they paid the bonuses from and I have a question of the TAK CUT plan. Would the Republican TAX CUT plan now give the same Wall Street folks that got the bonuses some tax relief to go with it?

[ontheleft]

CEO contracts call for bonuses, so those bonuses must be given out.

Of course if they were labor contracts, then the contracts could be ignored.

[mattcat25]

$18 Billion in bonuses is why (and who) Congressional Republicans are fighting the stimulus economic plan with "TAX-CUTS" "TAX-CUTS" "TAX-CUTS" "TAX-CUTS" "TAX-CUTS" "TAX-CUTS" "TAX-CUTS"

I guess paying back into a system that they have stolen from would be a conundrum.