Note to President Obama: don’t just talk tough. Get tough.
Specifically, get tough on those bankers who had the temerity to pay themselves more than $18 billion bonus money – after taking trillions in taxpayer assistance checks from the U.S. Government.
Already lawyers are saying the money is gone and there’s precious little can be done to recoup the swindle. There is no law, they say, against making bad decisions. Furthermore, the corporate lawyers wrote compensation plans that are legally binding.
Screw the lawyers. Pass a new law. And don’t give the banks one more penny of bailout money until they pony up the ill-begotten bonus money. Give it back.
“The height of irresponsibility.”
Sounds good. But not nearly as good as the sound of a cell door clanging shut.