President Obama calls Wall Street bonuses “shameful”
President Obama had some harsh words to Wall Street Bankers who are accepting TARP (Troubled Asset Relief Program) money while receiving big bonuses and buying private jets. He sat down in front of reporters yesterday to discuss his frustration with the situation.
For the full text of the President’s remarks visit WhiteHouse.gov .
“One point I want to make,” said the President sitting with Secretary of Treasury Tim Geithner by his side, ” is that all of us are going to have responsibilities to get this economy moving again.”
He went on to say that he had read an article where Wall Street bankers had given themselves $20 billion worth of bonuses. He called their actions “the height of irresponsibility” and “shameful.”
Wow, a President who reads the paper. Obama even gives some insight on the Super Bowl after he rails on Wall Street. This video is well worth watching.