Why give executives bonuses in crisis?
Quote from Associated Press article: "With taxpayers' money flowing into their vaults, banks are going ahead with paying dividends to shareholders, giving bonuses to top executives and acquiring competitors. Lawmakers are asking why banks with the money to do those things need taxpayer help."
Another goof: Why would lawmakers ask questions after the fact? One with any sense would ask questions and spell out stipulations before deciding to spend so much of our money.
Can anyone tell me why top executives are given bonuses during this period of economic crisis? I just don't understand it.
Florence Smith
Mount Prospect