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Monday, October 19, 2009

Top aides to Obama upbraid Wall St.

Bonuses after the bailout 'A year ago . . . these institutions were teetering'
Comment on the Post website:

Let us all applaud Ken Lewis as he retires from the Bank of America with his $70 million dollar retirement to join the ranks of American ARISTOCRATS who, together with their children and grandchildren, never have to work another day in their lives forever. America is truly the land of opportunity.

He really earned it in conning the government out of $45 billion. That accomplishment alone puts him second behind Bernie Madoff with his $65 billion Ponzi scheme. And we shouldn’t forget his central role in buying up bankrupt Countrywide Bank, the largest lender of subprime mortgages or in buying up failed Merrill Lynch, one of the largest sellers of collateralized mortgage obligations (CMO) and derivatives. Our pension funds are underfunded because of their investments in CMO debt. What accomplishments Lewis has!

These banks are too big to fail so let us stop talk about breaking them up. Why Lewis is an American genus, isn’t he?


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