President Barack Obama is calling bank executive bonuses obscene as he proposes a new tax on the largest financial firms.
Obscene? You mean like the TARP bailout itself, for which the president voted as a senator? You mean like the bonuses that the executives are taking at the bailed-out firms Fannie Mae and Freddie Mac, now that the Obama administration has lifted all limits on how much it will spend to keep them solvent?
