Tuesday, October 21, 2008

Is Dennis Kucinich the only person in Congress asking about Wall Street's $70 billion bonus pool?
Chris in Paris

You have got to be kidding. Where's Waxman? Where's Schumer? Where's Dodd? I like all of them but really, quit sitting on the sidelines here and show some leadership. I can't think of any industry out there who needed $700 billion (and lots more) from taxpayers and still handed out billions in bonuses. Sorry folks, but Wall Street failed and there's only coal in the stocking this year. Wall Street more than made up for this in recent years by cashing in on trash so to ask American taxpayers (and now European) to fund Wall Street's lifestyle even more is asking for too much.

We all know that the $250 billion for Wall Street banks is only a down payment. C'mon, Europe alone is putting up closer to $3 trillion and it's obvious that if we weren't in the middle of an election, we would not have this drip, drip, drip and would have seen a similar number. It's coming, that much is certain. Only yesterday Bernanke went public with a request for more Wall Street help. It's un-patriotic for Wall Street to squeeze American taxpayers like this and the day we reward so handsomely for failure is the day we ought to just scrap the entire system and start over. How pathetic.

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