Wednesday, January 13, 2010


Senator Claire McCaskill calls it like it is. Last year, after hearing about Wall Street's billion dollar bonuses, she tells her congressional colleagues: "We have a bunch of idiots on Wall Street ..." (starts at 53 seconds).

She reminds everyone that executives at the 116 banks that were bailed out would receive an average of $2.6 million in bonuses and compensation in 2008. Sen. McCaskill also reminded America that Merrill Lynch paid out $3-4 billion in bonuses in a year (2008) that they lost $21 billion (and then turned to the American taxpayer for a bailout).

Well, guess what? Wall Street is preparing to do it again.

I guess that means they're still idiots.

- Mark

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