When the big bank CEOs tried to convince Obama that they deserved big bonuses, he reminded them that the public wanted their heads on a platter:
“These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”
But President Barack Obama … stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”
“My administration,” the president added, “is the only thing between you and the pitchforks.”
Tough talk which accurately reflects the righteous fury of the American people. Too bad Obama is just throwing our money at the banks and allowing them to game the system, and isn’t actually doing anything to ensure that the banks act in the interests of the American people.