Tag Archives: beer summit

A Toast to Failure

stei090803

The next test of the administration is the huge bonuses due to Citi employees. Citi, as you may recall, was the recipient of tens of billions of taxpayer bailout money. One trader, Andrew J. Hall, is contractually due a $100 million bonus all by himself. Will Geithner, et al, have the courage to oppose these outrageous compensation packages, especially when they’re paid for with our money? ┬áIn my fantasy, at least, the Obama administration extends its generous beer outreach to Wall Street. He can even make it a premium brew, in deference to the lifestyle these scoundrels are used to.