House members continue to point their fingers at those obscenely wealthy and undeserving Wall Street CEOs. Rep. Barney Frank (D-MA) and his committee has a problem with their fat bonuses:
Four of the financial titans answered one pointed question after another on bonuses and compensation Thursday before a congressionally created Financial Crisis Inquiry Commission.
Almost simultaneously, House Financial Services Chairman Barney Frank announced a hearing on the continued practice of “outsize” compensation in the financial industry.
“The question of compensation, particularly in the financial industry, is a legitimate cause of concern in the country as a whole and we are going to address it,” the Massachusetts Democrat said.
What arrogance and ignorance! Most Americans don’t care about the salaries and bonuses of these CEOs. In case Rep. Frank has been sleeping under a rock for the past few months, most Americans care more about their banks staying in business and keeping their jobs.
Rep. Frank is a seasoned showman. Seriously, this man’s career is filled with Wall Street donors.
Maybe the CEOs ought to have their turn in questioning Barney Frank.
