During financial crisis in late 2008 to early 2009, 17 bailed-out financial services companies overpaid their top executives in excess of $1.8 billion
Solarz Subedar
Jul. 25, 2010

Bank of America, Citi Group, and other 16 financial institutions that ware bailed out by Bush-Obama initiatives overpaid their bankers billions of dollars while ousting common citizens from their homes for mortgage defaults.

President Obama appointed Kenneth Feinberg last year to oversee the pay policies and fairness at the companies that received the greatest government support. Mr Feinberg began in March his latest inquiry into top executives’ compensation, bonus and other incentives from late 2008 to early 2009. What he found is alarming.

These financial services companies on one hand compensated ruthlessly the bankers and overpaid their favorite bankers with the help of US tax payers'' funds. At the same time they displaced millions of people from their homes for mortgage defaults.

During financial crisis in late 2008 to early 2009, 17 bailed-out financial services companies overpaid their top executives in excess of $1.8 billion
Solarz Subedar
Bank of America, Citi Group, and other 16 financial institutions that ware bailed out by Bush-Obama initiatives overpaid their bankers billions of dollars while ousting common citizens from their homes for mortgage defaults.
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