Wall Street Won’t Do Right. Now They Have To
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So, Wall Street CEOs didn’t figure out on their own that when they take taxpayer money, they have a moral obligation to help the overall economy with their $700 billion public-funded bailout rather than single-mindedly line their own pockets with billions of dollars in salaries, bonuses and other ego-inflating perks.
Funny how “moral obligation” and “Wall Street” tend to be mutually exclusive terms.
Wall Street CEOs wouldn’t do it on their own. So now they have to.
‘Shockingly Little Oversight’ of Taxpayer $$$ in Wall Street Bailout
It should come as no surprise that the same Bush administration that gave suitcases full of taxpayer cash to Iraq with no accountability about how it was spent has done pretty much the same thing in its handling of the $700 billion Wall Street bailout.
As Harvard law professor Elizabeth Warren puts it:
There has been shockingly little oversight of the money.
