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More from President Obama's war on American businesses:
In an interview with "60 Minutes" correspondent Steve Kroft, the president went after what he called the "fat cat bankers on Wall Street." He said bankers have not shown "a lot of shame" about their behavior and outsized compensation despite the bank bailouts and economic downturn.
After stating that the financial crisis was "caused in part by completely irresponsible actions on Wall Street," Mr. Obama suggested that some banks paid TARP bailout money back to the government specifically to free themselves from government-mandated constraints on executive compensation.
"I think in some cases that was a motivation," said Mr. Obama. "Which I think tells me that the people on Wall Street still don't get it. They don't get it. They're still puzzled, why is it that people are mad at the banks?"
Source: CBS News via BusinessInsider
What... a... clown...
Mad at the banks? Meanwhile, his approval ratings are at an all-time low.
Maybe it's time for President Obama to bow to capitalism.
