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Obama scolds Wall Street executives over bonuses

President Barack Obama on Thursday chastised Wall Street executives for taking big bonuses at a time when the financial system is on the verge of collapse.

Obama, his vice president and chief spokesman all fired off statements voicing outrage after the New York comptroller reported $18.4 billion in 2008 bonus payouts at a Canada Goose Parka time canada goose factory sale when taxpayers money was shoring up a financial system in crisis.

is the height of irresponsibility. It is shameful, Obama told reporters while meeting new Treasury Secretary Timothy canadian goose jacket Geithner and Vice canada goose black friday sale President Joe Biden.

White House spokesman Robert Gibbs said: not going to be able to Canada Goose Online do what is needed Canada Goose sale to be done to stabilize our financial uk canada goose outlet situation Canada Goose Jackets if the American people read about buy canada goose jacket cheap this type of outrageous canada goose uk outlet behavior.

In office nine days, Obama said he and Geithner would send a message to Wall Street that will be time for them to make profits and there will be time for Canada Goose online them to get bonuses. Now is not that time.

BIDEN SAYS Interviewed on CNBC, Biden said: mean, it just canada goose coats on sale offends the sensibilities. I do know what they thinking. And they thinking the same uk canada goose old thing that got us here greed.

Obama, a Democrat, has been ratcheting cheap Canada Goose up the Canada Goose Outlet pressure on Wall Street executives to behave more soberly since he succeeded Republican George W. Bush as president canada goose clearance sale on January 20. electorate.

Michael Holland, founder of Holland Co in New York, who oversees more canada goose than $4 billion of assets, said: buy canada goose jacket financial capital of the world has shifted to Washington.

is now the head of the compensation committee for banks, and anyone on Wall Street who ignores the changed landscapes does so at their peril. Beneficiaries of bonuses have no standing in arguing for money now, and they have canada goose uk shop no natural canada goose clearance supporters, other than their canada goose parks own cheap canada goose uk families.

In a meeting canada goose store with congressional leaders last Friday, Obama criticized canada goose coats companies receiving bailout money who had been bathrooms or offices. He called the spending mistake in the light of the world we live in today.

On Tuesday, Citigroup, canceled plans to buy a $50 million executive jet after a White House spokesman said Obama did not believe using private jets was best use of money by companies receiving taxpayer assistance.

Both Bank of America and Citigroup have been recipients of massive canada goose uk black friday government bailouts.

Some Wall Street CEOs and government officials declined to Canada Goose Coats On Sale attend this week meeting of the World Economic Forum in Davos, partly out of concern they would be perceived to be living it up in the Swiss ski village.

officials have to be concerned with appearances more than ever, Howard Rubenstein, president of public relations firm Rubenstein Associates Inc, said this week.

should avoid anything that appears super fancy or super rich, or thumbing their noses at taxpayers during a time of austerity, he added.

Auto executives learned in November that lavish behavior was unacceptable in today economic climate when they flew in private jets to Washington to plead for bailout money.

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