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Article: 'SHAMEFUL' Obama calls $18 billion in Wall Street bonuses.(Front)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- January 30, 2009
CopyrightCOPYRIGHT 2009 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Ben Feller
The Associated Press
WASHINGTON
President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior.
He called it "the height of irresponsibility" for employees to be paid more than $18 billion in bonuses last year while their financial sector received a bailout from taxpayers.
"It is shameful," Obama said from the Oval Office. "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility."
The president's comments, made with Treasury Secretary Timothy ...