The Bailout and the Bonuses, Part 1

Tuesday, October 28, 2008

If you thought that the bailout bill prohibited taxpayer money from being used to pay huge 2008 executive salaries and bonuses at the rescued investment banks, you had best read this post from cnbc.com. Or perhaps you had assumed that proper decorum, sense of fairness or gratitude, or moral compass would guide these human beings to forbear their 2008 bonuses at taxpayer expense, since they wouldn't even have jobs if the the government hadn't rescued their companies from imminent collapse:

CNBC.com: Congress Wants Details On Bailout Firms' Bonus Plans

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