President Obama Criticises Wallstreet Executives

Yesterday President Obama chastised Wall street Executives for handing out an astonishing $18.4 billion in bonuses in 2008 after receiving financial aid from the government over the sub prime mortgage fiasco. Obama called the bonuses "The height of irresponsibility", and asked that more restraint be shown by Wall street executives. Yes, it's true that Wall street executives showed poor judgement, and gave bonuses to their employees rather than buying up all the "Toxic Loans" that the bailout money was intended for. However, there is another group that shares an equal amount of blame for this mismanagement of the bailout. While it is true that a Republican President called for the bailout, it was a Democrat controlled Congress who voted for it, with no oversight, no way to determine how the money was being spent, and no idea where the rest of the money is now. So before Obama starts pointing his finger at the abuse of Wall street executives, he should start cleaning up his own house first.