That’s right, as banks are slashing our credit limits, raising interest rates, slapping unemployed folks with $40 late fees for being two days late on credit cards, charging outrageous interest rates, foreclosing on homes instead of lowering interest rates, and denying small business loans left and right, bank executives are surfing a tidal wave of bonuses to keep their caviar appetites at bay and their yachts in the water. Bank bonuses  rose 17% to $25.6 BILLION dollars in 2009. On top of that, many of these bonuses were paid in deferred stock so it is likely the bonuses will be much higher and could even surpass the 25% mark! This after billions of dollars in bailout money to keep the incompetent fools in business.

I know it is complete buffoonery to believe everything a politician says. I know only an idiot would fall for a politician’s promises. But I gotta tell ya I was hoping for more from Obama. Maybe that was my problem this last election… I was HOPING too much.

These bank bonuses are outrageous. Despicable. Disgusting. With millions losing their jobs, 20% unemployment in some places, forclosures at an all time high and so forth and so on these mother#$@%@  are giving each other bonuses? ? I’m sorry but to me that should be considered Treasonous. Mutinous. A spit int he face of every laid off American worker and family booted out of their home because they couldn’t make the balloon payment!

I wonder how Obama is going to react to this. I wonder if he even knows the banks’ love affair with democrats is officially over with the Daily Beat reporting they have begun shifting all their money to Republicans again (2 to 1 in 2009, but now back to half to Republicans). What a bunch of greaseballs!

Obama needs to get real and stop blaming this increasingly scary economic situation on Bush. I think it’s time we all concede that while the Bush team stood by and did nothing while the banks relaxed their lending standards and lent money to every Tom, Dick, Jane, and Mary in America, the Obama team has done nothing to improve the situation, and given news of these banks bonuses this week, it appears they are only exacerbating the problem with their hands off policy towards the banks.

And get THIS from Newser today: ” Banks tightened credit last year at what the Wall Street Journal calls an “epic pace,” recording their biggest full-year decline in loans outstanding in 67 years. The figure comes from a new FDIC report that paints the picture of a banking industry that, apart from a few top-tier players, is in dire straights. The number of banks at risk of failing jumped to 702, a 16-year high.”  !!

Yes we can !  Yes we can do WHAT?? What are we doing again? Someone refresh my memory.

Source: http://www.thedailybeast.com/cheat-sheet/item/bank-bonuses-boom-by-17-percent/bonanzas/?cid=cs:headline1