Brother can you spare a billion six? What American would not be happy to hand over their hard earned money to Wall Street to fund their lifestyle? It's probably best that Congress sits on its hands and not take any fast action because what's most important is that Congress is properly appreciated by Wall Street. No waves, no problem. Just keep business as usual and pretend as though this was all a little hiccup and not a defining moment.
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses and other benefits last year.
An Associated Press analysis finds executives were rewarded even at poorly performing banks. Some trimmed their executive compensation but still forked over multimillion-dollar pay packages.
The benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management.
The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars.
