Obama Whitehouse disputes Wapo Article re Bonus Crackdown

[brianna69]

Obama: Wall Street 'Arrogance and Greed' Won't Be Tolerated

Says Administration Will Crack Down on Banks' Executive Bonuses


President Obama, usually cool, was visibly angry in his weekly address, chastising corporate bankers for the second time this week for accepting taxpayer bailout money and then doling out $18 billion in executive bonuses.

"The American people will not excuse or tolerate such arrogance and greed," Obama said in the video and radio message released today. "Even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008."

Administration officials challenged a report in The Washington Post that suggested Obama was unlikely to tighten restrictions on compensation for banks that accept bailout funds, saying the report was "simply untrue."

White House and Treasury officials said the president will soon crack down on those big bonuses, shareholder enrichment and overall accountability.

cont

http://www.abcnews.go.com/Politics/CEOProfiles/story?id=6778419&page=1

[Pirate Smile]

1. I wondered who was their source because it was flatly contradicted in other reporting.

I'm glad the White House came out and made that perfectly clear.

[ClarkUSA]

2. Someone is trying to make President Obama look bad by spreading false rumours.

[AllentownJake]

4. Why would anyone want to do that in the corporate media?

They are only interested in reporting the truth :sarcasm:

[ClarkUSA]

6. I blame the source(s) the WaPo used for this story, not the "corporate media"

The source(s) for this story had an agenda. The WaPo should not trust them again.

[zbdent]

3. Angry dangerous black man alert!

threat level red! Hide the white women!

[Frank Booth]

5. Awesome!

If nothing else, it got their attention.

[WinkyDink]

7. White House, two words.

Yes, it is one of my pet peeves.

[quantass]

8. To WaPo's credit...it's false stuff like this that makes the Prez stay on top of things and working

for the people...so people like WaPo do have a reason for being around despite their lies. Who knows, maybe it wasnt until this article before the Prez decided to give it a 2nd look and get more vocal. But then, it does seem like Obama to take out the trash regardless of the reminder.