I do not agree and most Americans will not as well as well deserved pays no one shall envy but stealing from taxpayers with the help of DC is reckless, criminal and should be presecuted not rewarded. Mr President you are walking a path which will put you in history books on a disgraceful note to say the least joining ranks with some of your direct predecessors. Its shameless and far from prudence to make such a claim on both gentlemen especially Blankfein has proven to be of the savvy degree which smart criminals have.
To support such payout schemes is ruthless to say the least as these earnings were only achieved with trillions of taxpayers money and money for free ( zero interest rates for a bank which is not one)
Obama Doesn’t ‘Begrudge’ Bonuses for ‘Savvy’ Blankfein, Dimon
By Julianna Goldman and Ian Katz
Feb. 10 (Bloomberg) -- President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.
The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”
Obama sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies. He plans to reiterate that message when he speaks to the Business Roundtable, which represents the heads of many of the biggest U.S. companies, on Feb. 24 in Washington.
3. Another snake oil salesman, while Soros accumulates CDS against Greece he talks the other end. That is while he is robbing Indymac ( or rather US taxpayers as the FDIC has to pay the differnce) with Paulson by billions.
By Achmad Sukarsono
Feb. 10 (Bloomberg) -- Billionaire investor George Soros, who made $1 billion in 1992 correctly betting against the British pound, said he expects Greece will be able to remain in the euro region.
“I’m actually confident Greece will do whatever is necessary to meet conditions to remain a member of the euro to qualify for financing by the ECB for Greek government bonds,” Soros told reporters in Jakarta today. The European Central Bank has limits for the ratings of bonds it accepts as collateral.World stock markets rallied since yesterday as prospects for a bailout of Greece eased concern that deteriorating government finances will derail the global economic recovery. The European Union is scheduled to hold a summit in Brussels tomorrow as the Greek government braces for a wave of strikes