Feb 10, 2010

Obama on bank CEO bonuses

I know both those guys; they are very savvy businessmen. I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.

While an extraordinary amount of money for Main Street, there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.

~ President Barack Obama, "Obama Doesn’t ‘Begrudge’ Bonuses for ‘Savvy’ Blankfein," Bloomberg, February 9, 2010

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