Wednesday, January 13, 2010
Bank CEOs: Sorry for risky behavior, bad decisions
I love how the bank executives on Wall Street are claiming that regret their risky actions and bad decisions that put this country in the bad situation it is in but still defend that they should get their bonuses. It seems like just empty words to me. It is similar to when Bernard Madoff was sent to jail after tricking people out of billions of dollars but stated, "I cannot adequately express how sorry I am, I am here today to accept responsibility for my crimes." I bet he wasn't sorry when he was collecting all that money. I guess these people are only sorry after they get caught and causing the millions of other people much hardship.
Taken from Yahoo News - Sorry for risky behavior
Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and apologized for risky behavior and poor decisions. They also defended their bonus and compensation practices to a skeptical commission investigating what caused the collapse.
Maybe if they were really sorry, they'd give the bonuses to the government as a way of saying thanks for not going out of business like Lehman Brothers.