Greed in America

After reading the article "Obama Calls Wall Street Bonuses 'Shameful'", from The New York Times, It made me realize how greedy people truly are. After government issued the $700 billion bail out money to the financial institutions, most of them didn't use the money the way it should have been used, which would have been to help fix the mortgage crisis. Instead, these high powered executives issued themselves huge bonuses and some such as John Thain of Merrill Lynch who spent well over $100,000 to remodel his office. I can't believe that some people have so little morality left in them that they would take money given to them to to "bail" them out and use it for their own personal interests. President Obama, has thankfully taken notice of what these high powered institutions have done and has called them out on it, telling them that they need to take responsibility. I think the idea of the "clawback" provisions is a great idea, because these executives that gave themselves bonuses from the bail out money, that money will be taken back. I think that is the right thing to do because if the rest of country has to suffer from the lose of jobs and the shrinking of 401k plans, then why is it far that these people can take our money to live even more lavishly than they already do.

Check

Just checking to see if I am doing this right.