In an ideal world, this year the Street would acknowledge the public largess by having the sense not to pay bonuses of more than six digits — hey, worker bees need money in order to survive in the high-cost New York City area — and they would make a nice, voluntary contribution to the government that saved it. But the Street isn’t in the gratitude business; it’s in the making-money business.
via Allan Sloan – Let Wall Street run wild, without my money – washingtonpost.com.
It’s obscene to pay bonuses for some of the most colossal failures in banking history. This is just not right.