It’s been widely reported that Wall Street bankers paid themselves over $18 billion in bonuses in 2008. These bonuses went to the very people who appear to have been largely responsible for crippling our economy with their greed, arrogance, and recklessness. Did they receive any type punishment? No – instead the Barons of Wall Street were actually rewarded by the Bush Administration giving them $350 billion last year and that does not include loans. Hopefully, the Obama Administration will make sure the remaining $350 billion has conditions attached that will put a stop to this sort of thing. It’s quite apparent that the Barons of high finance haven’t learned their lesson and it’s high time for them to do so.
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