Quotes About Major banks

What made it worse was the clueless attitude of the Wall Street executives whose collective asses we were pulling out of the fire. Just before I took office, for example, the leaders of most of the major banks had gone ahead and authorized more than a billion dollars in year-end bonuses for themselves and their lieutenants, despite having already received TARP funds to prop up their stock prices.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.