Drink up boys...I will put more money into your pockets in the next 3 years
So, the American taxpayers bailed out Wall Street and what did they get in return? Nothing but the tab. Wall Street made out like thieves. Not only did they receive taxpayer dollars, under Obama they also receive an increase in bonuses.
Obama has ranted against fat-cats, but his administration is filled with fat-cats that have close ties to Wall Street.
Bonuses paid to Wall Street securities industry employees in New York rose 17 percent to 20.3 billion dollars in 2009, state officials said Tuesday.
New York State Comptroller Thomas DiNapoli said total compensation at the largest securities firms grew even faster and industry profits could hit a record amount after unprecedented losses in 2008.
“Wall Street is vital to New York’s economy, and the dollars generated by the industry help the state’s bottom line,” DiNapoli said.
“But for most Americans, these huge bonuses are a bitter pill and hard to comprehend. There’s a lot of resentment against the industry over its role in the global economic meltdown. Taxpayers bailed them out, and now they’re back making money while many New York families are still struggling to make ends meet.”
Where is Obama’s Pay Czar now? He went after banks and bankers but hasn’t done a damn thing when it comes to Wall Street goons. Wall Street was just as guilty at causing this economic mess we find ourselves in today. However, most of Obama’s goons have close ties, and even worked, for this Wall Street companies. Will Obama rant and rave about these bonuses?
