News yesterday of President Obama's ire with Wall Street CEO bonuses--many of which were earned by CEO's of companies being bailed out by the US Taxpayer--amounting to $20B.
Good for the President. The bully pulpit is one of the most powerful aspects of the Presidency, and the arrogance of Wall Street on this account is astounding. I know that there are going to be full-throated capitalistic explanations for this, but capitalism does not mean "absence of common sense". When you seek the aid of the American people for your failing business, you should not profit unduly from it.
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