Didn't the North Carolina Banking Commission understand that Obama promised "a new era of responsibility"? Apparently not, if they have asked the state legislature for employee bonus money. Banks have a lot of nerve asking this from taxpayers anytime,but during bad economical times when they helped cause the present plight reveals their unlimited gall.
Beverly Perdue has already cut health benefits and instituted furloughs (temporary layoffs) for teachers and other state workers! Soon, many state jobs will be cut out entirely. State workers are simply waiting for the other shoe to drop.
Last year, the North Carolina Banking commission paid out $500,000. in bonuses. Add in the factor of Wall Street paying their employees much the same as last year, while our government spends and makes budget cuts on jobs and services for the middle-class. This should make North Carolina citizens angry as well as all U.S. citizens.
The same people who helped cause this trouble want bonuses of 10%.
These bankers want bonuses after already obligating your children and grandchildren for enormous deficits...which they literally have to pay back.
Harold Gold at Forbes probably said it best back in January about the banks:
...the only thing they know how to do well: pay themselves richly.
A commenter at the News Observer provided this information on N.C. bank bonuses for year 2008 taken from the GSO:
Mark Pearce, deputy commissioner Base salary: $120,883 Bonus payment: $12,088 Ray Grace, program manager Base salary: $107,715 Bonus payment: $10,772 Patrick Brennan, financial examiner Base salary: $102,750 Bonus payment: $10,275 Wilber Loftin, financial examiner Base salary: $102,750 Bonus payment: $10,275 Charlie Fields, program manager Base salary: $98,311 Bonus payment: $9,831 Daniel Garner, attorney Base salary: $98,073 Bonus payment: $9,807 Melanie Ford, program manager Base salary: $97,659 Bonus payment: $9,766 Elizabeth Hammond, program manager Base salary: $96,944 Bonus payment: $9,694 Stephen Williams, financial examiner Base salary: $95,451 Bonus payment: $9,545 Mary Kane, financial examiner Base salary: $94,789 Bonus payment: $9,479North Carolina
