03/18/2010 05:12 am ET Updated May 25, 2011

Peter Morici: Obama May Denounce Giant Bonuses But He "Takes Care Of" His Wall Street "Friends"

In Britain, the Prime Minister is imposing a special one-time claw back tax that will take 50 percent of bankers bonuses.

In America, the bankers get a scolding from President Obama.

It is no accident that these same bankers are among the largest contributors to Democratic congressional and presidential campaigns.

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