Citizens protest huge year-end bonuses for bank executives

[Omaha Steve]

http://www.workdayminnesota.org/index.php?news_6_5087

MINNEAPOLIS - Despite a down economy and millions out of work, the nation’s largest banks are getting ready to hand out end-of-year bonus checks to their CEOs, CFOs and other top executives. And this year, total bonuses and compensation are expected to be even higher than last year.

On Friday, more than 50 marchers organized by TakeAction Minnesota and Minnesotans for a Fair Economy demonstrated in front of Wells Fargo Bank to protest the outrageous bonuses and tell Big Banks to get their priorities straight by creating jobs and helping families stay in their homes – instead of dispersing bonus money to the super-rich.

One of the demonstrators, Grace Bowman, an unemployed data analyst from Minneapolis, recently travelled to Washington, D.C., as part of a hundred person delegation to “Take Back the Capitol” -- an event designed to turn politicians’ attention to the needs of the 99%.

“Money is fungible,” Bowman said. “The money big banks spend on huge bonuses and give to politicians and lobbyists could be spent helping underwater homeowners instead.”



FULL story at link.

[MindMover]

1. this is why we wallow in the mud of capitalism....

Last edited Thu May 3, 2012, 01:00 AM - Edit history (1)

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[Bozita]

2. K&R ... Bigtime!

Fuck the banksters!

Better yet, jail them.

And confiscate their ill-gotten gains.

[Ilsa]

3. And saving the poor and middle class will only improve the bottom line.

That is what is so aggravating to me: all of the profit-taking is so shortsighted, as if they know the world is ending soon and the one with the most toys wins.

[Johnson20]

4. Absolutly obscene. n/t