FREEDOM FORUM: Add a Comment

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• Forbes

It doesn't seem fair, does it? The government saved Wall Street by backing troubled financial institutions with trillions of loans, investments and guarantees. It took a modest, non-usurious fee in buying the preferred stock of several troubled financial institutions and took warrants for common stock in them as well. This saved the banks so they could return to business as usual and get back to the business of overcompensating many of their employees who brought us to the precipice of disaster. Thanks to New York Attorney General Andrew Cuomo--not Congress, not the White House--we have learned that Merrill Lynch, now a part of Bank of America ( BAC - news - people ), and Citigroup ( C - news - people ), a zombie still propped up by the government, both lost more than $27 billion in 2008, but paid $9 billion in executive bonuses last year. Goldman Sachs ( GS - news - people ), Morgan Stanley ( MS - news - people ) and JPMorgan Chase ( JPM - news - people ) each paid bonuses larger

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