All Posts Tagged With: "strikes"

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Wall Street Gets the Boot

Yesterday, President Obama, seeing Wall Street on the mat, walked over and gave it the boot. The $18 billion in bonuses, paid out on to Wall Street honchos last year, were “shameful,” said he. It was the “height of irresponsibility” to take so much capital out of the system when it was losing money, he pointed out. Of course, he’s right. It was certainly irresponsible. And the Wall Street crowd deserves the boot, no doubt about it. But it’s a shame no one mentioned it in 2006 or 2007 – not even Mr. Obama – when the bonuses and the irresponsibility were even higher…

February 2nd, 2009 | Bill Bonner | 0 comments | Continued
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