Bailed out bank executives are getting away with your money: $1.6 billion of it.

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Bailed out bank executives are getting away with your money: $1.6 billion of it.

December 21, 2008 – 11:34 pm – No Comment

It turns out that some of the executives for bailed out financial companies are still getting those “oh so coveted” bonuses. $1.6 billion dollars in bonuses that not only include cash compensation, but also stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management. If only we could all have professional money management services, perhaps the economic problem we’re having now wouldn’t exist.

When I was reading about this on other blogs, a comment said that you shouldn’t blame someone for working hard and being rewarded well for it…not to criticize the executives for compensating themselves with such lavish rewards. I think that is a giant load of hooey. These executives should only be rewarded if they have actually done well, and in my opinion, having to take tax payer dollars to keep their business afloat is NOT doing well.

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