11/23/2009 05:12 am ET | Updated May 25, 2011

William Cohan: Bank Execs Got Rich On Bailouts With Stock Options

Few could argue with Barack Obama last week when the US president said Wall Street owed a debt of gratitude to taxpayers. Some of America's largest banks would not have survived without the trillions of dollars the government used to shore up the financial sector. Less remarked upon, however, is the personal windfall executives of the bailed-out institutions received as a result of Washington's largesse.