The first hearing of the Financial Crisis Inquiry Commission was held last week, and the four biggest bank chief executive officers were brought in for questioning, from Goldman Sachs, JPMorgan Chase, Bank of America and Morgan Stanley. The American people expect these men to be held accountable for what their banks did to our country. They came away with no sweat on their brow. The bankers in the photo are, from left to right, Lloyd C. Blankfein of Goldman Sachs who says he's been doing God's work. He has been showering himself just since 2006 with $157.3 million in compensation. I often ask myself, What do they do with all that money? Jamie Dimon, next to him, of JPMorgan Chase last year officially took home $19.7 million on top of $95.7 million he raked in from 2005 to 2007. That brings him in at $115.4 million. John J. Mack of Morgan Stanley paid himself $78.9 million over the last 5 years, and Brian T. Moynihan of Bank of America is new to his position at that bank, but he pocketed $10 million in 2007 when serving as president of the Global Corporate and Investment Banking at the Bank of America. Can you imagine what he'll make now? As they took America to the cleaners, the average worker in our country hasn't had a real wage increase in over a decade, much less a real increase in buying power.
Editor's note · Context
Kaptur addresses the accountability of bank CEOs during the Financial Crisis Inquiry Commission hearing.
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