The Fat Cats in DC

Enterprise Record Post Scripts ^ | 2/16/10 | Tina Grazier

[OneVike]

[THE LINK WORKS ON THIS ONE]

When President Obama was asked last week about the $17 million bonus awarded to JPMorgan Chase Chief Executive Officer Jamie Dimon and the $9 million bonus for Goldman Sachs CEO Lloyd Blankfein he responded by saying,

Hmmm...that doesn't jibe with what he said last December on 60 Minutes:

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street."

And it doesn't jibe with the message delivered to banks by Barney Frank, Chairman of the House Ways and Means Committee, in January of 2009:

"People really hate you, and they're starting to hate us because we're hanging out with you. And you have to help us deal with that. ** The chances of talking the American public out of this kind of attitude are zero. There is now a deeply rooted anger on the part of the average American at what he or she thinks is a very unfair set of arrangements."

Oh brother...what exactly do the President and Chairman Frank mean? That banks need to provide an excuse for the excesses and manipulations of Frank and his cohorts in Congress? That after making deals and promises in exchange for huge campaign contributions business execs should take the blame and a pay cut to hide the failures of our representatives?

And what are we to think of the utter silence from these powerful Democrats on the bonuses being handed to Fannie Mae and Freddie Mac CEO's at a time when those two institutions are still bleeding red ink, as they love to say when discussing the harm done to the economy by their careless manipulations. These two institutions provided

[OneVike]

Now I have the link. It will be interesting to see which one the mods delete, I hope it is the first one.

Anyway, check out the comment at the bottom of the article by the lefty, some people are just stuck on stupid.

[mo]

as I read this...the bankers have the goods on Congress....

[OneVike]

Maybe so, but with out the help of the MSM, a majority will look down on the banks then they do congress who gets cover from the MSM.

[OneVike]

Ahhhh, Thank you.

Life makes sense once again.

I promise to have at least one cup of coffee before I begin posting articles early in the morning next time.

[CarWashMan]

The employees of JP Morgan and Goldman are big contributors to the Democrat Party. That is why Obama is not too upset with their big bonuses.