Published on Sunday, February 07, 2010
By Daily Bulletin Staff Writer
It's easy for President Obama to demonize the Wall Street bankers as a way to deflect criticism on our economic crisis away from his policies. We can all agree that certain of these CEOs are greedy - very greedy! But the bankers aren't spending the country into catastrophic debt nor are their bonuses bankrupting us like the president's agenda.
Government should take the money the banks pay back to pay down our debt and then get out of the way. It is the banks' boards of directors which are responsible for creating and policing executive compensation and the only thing that gets in the way of this is greed. The Justice Department should step in when laws are broken, but shareholders and honest board members, not government, should take action with excessively greedy CEOs and clueless or dishonest board members
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