$18 billion was paid of as bonuses and others to executives in banks in US that received public money, and that is the problem. You would ask to someone who failed to achieve a result to face a consequence, but this bankers seems didn’t know the word responsibility.
However, I found out an interesting fact from AP articles “Bankers vow to build trust with increased lending”. Citigroup’s Vikram Pandit asked his board of directors to pay him a $1 annual salary, with no bonuses, until Citigroup returns to profitability.
Although the financial crisis has been happening not only because of them but also the governments and borrowers also, but what Mr.Pandit’s doing is the least the executives can do to gain trust and confidence. But from 8 man only 1 man do that convince us that the real problem is on the greedy side of the human who benefit most in Financial Sector.
