Outrage at Wall Street bonuses hasn't escaped the folks at 'The Daily Show'. Jon Stewart took on the ballooning compensation in the financial sector on Tuesday night and was none too pleased at the industry's quick rebound.
"Let me get this straight, the only people who have recovered from the financial meltdown... are the people who caused this financial meltdown," said Stewart.
Pointing to the "we had to" argument for bailout supporters -- i.e. the line of thinking that says "we had to bail out the financial sector or our economic system would collapse" -- Stewart wondered why so many bankers furiously resisted placing any conditions on receiving bailout funds. Wall Street leaders, including former Treasury Chief Hank Paulson and current Treasury Secretary Tim Geithner, Stewart noted, argued that placing even the smallest requirements on bailout recipients such as the requirement to lend, would have been disastrous.
"I'm not an economist, but these are some fragile f$#@ing businesses. No, don't look the bank in the eye, it will fail! What, are our banks made out of balsa wood held together by baby tears?" Stewart joked.
|The Daily Show With Jon Stewart||Mon - Thurs 11p / 10c|
|Clusterf#@k to the Poor House - Wall Street Bonuses|