Tuesday, September 17, 2013

Quote of the Day: Barney Frank Edition

"I do want to add one thing though to your question about those poor beleaguered bankers who have been forced to do so much to keep from not being able to pay their debts, that they can’t lend money. If they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money?"

Barney Frank, on Meet the Press

Daily Kos has the video of Frank's MTP appearance. Host David Gregory, former Treasury Secretary Henry Paulson and CNBC anchor Maria Bartiromo were left speechless. These Wall Street apologists couldn't believe Frank spoke the truth about the unjustifiable executive bonuses.

Lloyd Blankfein was at the helm when Goldman Sachs almost went under. In 2012, Blankfein received a $26. million bonus. So much for the saying about cream rising to the top.

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