Thursday, February 12, 2009

Me as Obama

Financial System

“The US of A is having a great economic recession. People are loosing their jobs. For sure, some of these people would like to help on this problem for them able to gain back their jobs. How would we, the people, help restore our good financial system?”

“In order to restore our financial system, we’ve got to restore trust. And in order to restore trust, we’ve got to make certain that taxpayer funds are not subsidizing excessive compensation packages on Wall Street. We all need to take responsibility. And this includes executives at major financial firms who turned to the American people, hat in hand, when they were in trouble, even as they paid themselves their customary lavish bonuses. As I said last week, that’s the height of irresponsibility. That’s shameful. And that’s exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis: a culture of narrow self-interest and short-term gain at the expense of everything else."

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