In a braven attempt to crush the economies of the New York metropolitan area, President Obama continues to wage war on Wall Street firms. Despite a 44% drop in bonus payouts for 2008, the President is angry at the size of the payout, despite the fact that senior executives at most banks took no bonuses this year.
Just goes to show you boys, don’t tick off your big share holders. They can be a pain in the neck.
On the other hand, maybe Obama is all talk and no action.
Details of Geithner’s bailout plan for the banks still in business remains a mystery to date. It is coming soon, the President promised in his weekly radio address.
On a Geithner-related note, Health secretary-designate Tom Dasche had to pony up big bucks to settle back taxes on his chauffeured Cadillac. Change has come to America!
