Bailouts must come with many strings First came news of the bonuses, million-dollar office renovations and new corporate jets.
Now the Associated Press reports that the dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years.
The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
So now American tax dollars are being used to pay the salaries of foreign workers employed in these bailed out banks?
If our money is used to keep these banks afloat, we need to be able to make the rules. That includes severely capping executive compensation, a strict moratorium on bonuses and corporate jets, and limiting employment opportunities to Americans -- those who are paying for it.
Wall Street's culture of unlimited greed and obscene entitlement must end now.
LORIN DRAKE, GOLDEN VALLEY
Don't blame Wall Street President Obama characterizes as "shameful" actions of Wall Street executives for taking $20B in bonuses out of taxpayer financed bailout money. He is mistaken. Those executives did exactly what any person would do who was just handed billions of dollars with no restrictions on how that money is to be used.