Arrow-right Camera


Harsher pay czar needed

One of the perks I enjoy being retired is on occasion to have a cup of coffee with breakfast while reading the newspaper. This morning I just about lost it in more ways than one. On the front page was a very informing article, “Pay at bailed-out firms to stand” by Daniel Wagner, Associated Press (July 24).

I had to read this over and over. I couldn’t believe what I was reading. “Obama pay czar says shaming bank executives is sufficient punishment.”

The article goes on to say that we are only talking about $1.6 billion. First of all, this is our money we are talking about. Most of us can’t picture $1.6 billion. The article also states that two companies are expected to cost the taxpayers an additional $38 billion.

Kenneth Feinberg’s statements and handling of this, in my opinion, is deplorable. When you are having that second cup of coffee, remember that Mr. Kenneth Feinberg is also overseeing BP’s $20 billion oil spill compensation.

Thank heavens for people in the press like Daniel Wagner for bringing things like this to our attention.

Bill Barnes



Click here to comment on this story »