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clipped from finance.yahoo.com

Wall Street’s Sick Psychology of Entitlement

instead of using that to repair its financial health, it simply put the money into the pockets of its employees. There is no way to defend this disgusting payout.
Their brains have no caught up with the idea that they are working in broken institutions that would be unable to pay to keep the lights on if not for the fact that Washington has given them billions of taxpayer dollars.
Being really good at what you do doesn’t matter if your firm is broke—and your firm is broke. It’s now on taxpayer supported life-support.
Failing firms that cannot afford to pay for talent lose that talent to successful firms. That’s an important part of market discipline.
when you pay yourself a bonus with taxpayer money you are simply taking money from someone who earned it and giving it to someone who didn't.
Perhaps instead of a bailout, we should have confined the TARP to overseeing the orderly disolution of failed financial institutions.
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