“President Obama branded Wall Street bankers ‘shameful’ on Thursday for giving themselves nearly $20 billion in bonuses as the economy was deteriorating and the government was spending billions to bail out some of the nation’s most prominent financial institutions.” (New York Times, Friday)
So don’t bail them out.
FEE Timely Classic
“Welfare for the Rich” by Robert Murphy
Friday, January 30, 2009
Obama Denounces Wall Street Bonuses
