Letters: Bankers run off with the money

Jodi McFarland | By Jodi McFarland | The Saginaw News
on March 23, 2009 at 8:40 AM, updated March 23, 2009 at 8:42 AM

Editor, The News:

Why is it no one wants to hug a banker these days?

Could it be because the chief executive officers of the eight largest banking institutions just ripped off the taxpayers by snatching as much of the $165 billion pumped into the financial system as their grubby hands could stuff into their own pockets?

This is an excellent example of how they look after their own interest rather than this country and without any regard to "what I owe to the people."

It is unfortunate the stunned Congress didn't see this coming, but who in the world would have thought those now-unscrupulous executives would have the audacity to do such dubious behavior?

The most frustrating aspect of this whole cynical affair is that President Obama cannot flat-out fire these guys, disallowing them any benefits, including all board members who participated. Arrogance prevails again.

Joe E. Benes