It’s aggravating to read about the Bankers making out like bandits after their poor decisions left so many jobless, homeless, and destitute. On the other hand, if the banks were all still facing nationalization or bankruptcy, we’d be even worse off. As for the politics, the Obama administration was wise to announce an accountability tax just before reporting day. Making it as painful as possible to accept these bonuses and providing a little momentum for the tax was an excellent idea.

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