Now that the banks paid back TARP, at a profit to the Treasury, are the bonuses okay?
First off - I think the bonuses were okay in the first place. Those were agreements in place between the company and the person.
And I know that it has been talked about how all of the TARP money has been paid back. I have read that may be true of the large banks, but the smaller banks and other firms like AIG, GM, etc. it seems not. And a lot of it is pretty confusing to me. (Like your tagline says - that’s me!) But it looks like lots of wheeling and dealings to make it look good on paper.
All I know is that with the bailouts came lots of talk on FR how these CEO’s, the banks, etc. were evil for still handing out those salaries. And I think that was an intended consequence. The other intended consequence was for the companies to have to rely on the graces of the government more.
What ever companies pay their CEOs is their business, not yours. If you don't like what they pay their executives then don't buy their products. Capitalism in a Republic means that business owners, and stock holders, are free to pay people what ever the he** they want. If they are over paying them then the profit margin will drop and they will cut back on the bonuses. As I said, it is none of your, or anyone at all except the stockholders of that company, business what they pay their CEOs.