Barney Asks A Question: Why Are Bankers Paying Themselves So Much Money?
Former congressman Barney Frank asks a question that he's asked before, Why are bankers paying themselves so much money? CNBC host Maria Bartiromo, who had just said that banks are still struggling, replies "umm....", before David Gregory can quickly jump in and change the subject so that billionaire bankster and former treasury secretary Hank Paulsen can talk about something else.
Just another Sunday morning on Meet the Press.
BARNEY FRANK: I do want to add one thing, though, to your question about those poor beleaguered bankers who have been forced to do so much to keep from not being able to pay their debts that they can't lend money. If they really are running businesses that are so stressed that they can't do their basic work, why are they paying themselves so much money. Where did these enormous salaries come from if they were in fact in such serious trouble?
MARIA BARTIROMO: (Awkward laugh.)
Thank you for giving me that one. Okay. Umm..
DAVID GREGORY: But your point is to get beyond -- to get beyond some of the resentment of the bankers and get to a place where we actually have more hiring going on, more investment going on and Washington plays a more constructive role beyond whether it was the bailout of the banks which changed our politics.