March 22, 2010

Obama luvs bankers Re-Posted from February 10, 2010, by: Doug Henwood | From Bloomberg, via Politico’s Morning Money

















http://doughenwood.wordpress.com/2010/02/10/obama-luvs-bankers/

LBO News from Doug Henwood
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OBAMA DOESN’T ‘BEGRUDGE’ BONUSES FOR ‘SAVVY’ WALL STREET EXECS, Bloomberg’s Julianna Goldman and Ian Katz report: ‘President Barack Obama said he doesn’t ‘begrudge’ the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay. The president, speaking in an interview, said in response to a question that while $17 million is ‘an extraordinary amount of money’ for Main Street, ‘there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well. I know both those guys; they are very savvy businessmen,’ Obama said … ‘I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.’

The new FDR, eh?

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