The United States year end numbers have officially rolled out confirming rumors that senior bank officials of the banks that are receiving the US government bail out, got $18Bn in annual bonuses. A reason was given. The bank spin is that they had to pay these bonuses in order to keep good people within their companies.
Whow. Apparently this is going over very big in the US Congress. Politicians are finding it difficult to put heavy rules on needy auto companies when banks appear to be immune from the sensitivities of receiving monies from the US taxpayer.
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"The bank spin is that they had to pay these bonuses in order to keep good people within their companies."
I enjoyed Jon Stewart's take on this on The Daily Show. To paraphrase Mr. Stewart:
You just lost billions and billions of dollars, you moron! You DON'T HAVE ANY GOOD PEOPLE!!!!
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