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"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street" [View All]

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impik Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-11-09 07:51 PM
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"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street"
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President Obama took aim at "fat cats bankers" in an interview airing this Sunday on CBS's "60 Minutes," slamming the financial services sector for failing to learn the lessons of the recession.

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Obama told Steve Kroft, who interviewed him earlier this week.

The president expressed concern that banks are returning bailout money to the government simply so they can pay out massive end-of-year bonuses without restraint.

"I think that in some cases, was the motivation," he said. "Which I think tells me that the people on Wall Street still don’t get it…They’re still puzzled why it is that people are mad at the banks. Well, let’s see. You guys are drawing down $10, 20 million bonuses after America went through the worst economic year…in decades and you guys caused the problem."

http://www.politico.com/politico44/index.html?refresh=1


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