Thursday, February 11, 2010

Savvy Bankers

I couldn't believe my eyes or ears when I heard Obama say he had no issues with the multi million dollar bonuses paid to 2 banking CEO's this week. Goldman and Chase banks both received federal bailout dollars and were part of the wall street greed crowd weren't they? I thought Obama was going to punish those banks and make them pay our money back?

Where's this pay czar that is supposed to be watching and regulating this bonus situation? Now, Obama has defined these two men as "savvy bankers" and a vital part of our economic recovery and prosperity. Again, really? So who are the unsavvy ones? Are they being punished and denied bonuses?

The truth is, the government has absolutely no business meddling into any ones salary and or bonuses. Why were they meddling in the first place? Because Obama hates capitalism and free market enterprise. It is no coincidence that Goldman was saved and Stearns wasn't either. All you have to do is follow the money. Look at political contributions made both banks and you will easily understand why one was saved by Democrats and one was allowed to fail by Democrats.

The whole thing stinks and Obama has no business interfering in any of it and either did Bush. The free market will prevail and the less government involvement there is the better off Americans will be.

The truth is Obama is friends with these 2 particular "savvy bankers" and if you are part of Obama's corrupt machine, all is well for you. Corruption at it's finest. Just be sure to remember how savvy he was come re election time...

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