Results tagged “christopherdodd”

President Obama slammed the bonuses handed out by Wall Street firms, calling them "shameful" and the "height of irresponsibility." He was referring to NY State Comptroller Thomas DiNapoli's report on the bonus situation: While total 2008 bonuses were down 44% versus 2007, the $18.4 billion doled out was still the 6th largest bonus year ever. The average bonus was $112,000 per recipient; Obama said, "Part of what we're going to need is for folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility. The American people understand that we've got a big hole that we've got to dig ourselves out of -- but they don't like the idea that people are digging a bigger hole even as they're being asked to fill it up."