David Gergen actually said...

To be fair, a lot of these bonuses were in 2007 before everything hit the fan. But even so, they have been living at the trough and -- for so heavily so long that that's what's caused this huge negative reaction and why the public is so angry.

Context

Gergen comments on the public's anger towards banks for excessive bonuses despite receiving bailout money.

12/21/2008

https://transcripts.cnn.com...

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