Sunday, December 21, 2008

Bailed out bank executives get $1.6 billion

The best line in the whole story is this:

Rep. Barney Frank, chairman of the House Financial Services committee and a long-standing critic of executive largesse, said the bonuses tallied by the AP review amount to a bribe "to get them to do the jobs for which they are well paid in the first place.

"Most of us sign on to do jobs and we do them best we can," said Frank, a Massachusetts Democrat. "We're told that some of the most highly paid people in executive positions are different. They need extra money to be motivated!"
http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts

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