Nationalize

So Barack Obama hasn’t had kind words for Wall Street denizens, who saw fit to award themselves $20 billion in bonuses even wile accepting billions in taxpayer dollars simply to stay afloat.

“It is shameful,” President Obama told reporters after a meeting with Treasury Secretary Timothy Geithner and Vice President Joe Biden Thursday, noting that he read an unspecified article indicating that Wall Street bankers had recently paid themselves $20 billion in bonuses, about the same amount they paid themselves in 2004, when the economy was running near full steam.

Now, I’m well aware that Obama wasn’t president when TARP passed, nor did he oversee the dispersal of the first set of funds, but the solution is blisteringly obvious. Nationalize the damn banks already.

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