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Monday, November 17, 2008

Andrew Cuomo calls out Citi execs

"Disturbing" is merely scratching the surface. This is one of the most revolting periods in Wall Street history and yet somehow there is not yet a unanimous acceptance on bonuses. Some of these bastards actually think they are deserving of a bonus. Funny how differently we can see the world and the two Americas indeed still exists, as sickening as it is.

New York Attorney General Andrew Cuomo says Citigroup executives should forgo their bonuses this year after the company announced massive layoffs.

Calling the layoffs of 53,000 people "disturbing," Cuomo says top executives shouldn't get bonuses while investors, taxpayers and employees suffer.

Cuomo adds that other companies should consider doing the same, including American International Group, which has received billions of federal bailout dollars.

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