Re: 93&94.

http://www.freerepublic.com/focus/news/2176792/posts?page=20#20

The whole “no time for profits” quote that they were discussing was way off the mark. Obama said “There will be a time for them to make profits, and there will be time for them to get bonuses—now is not that time.”

Did Cramer and Scarborough not do their research before discussing this? The companies referenced in the quote had a combined loss of 25.3 BILLION in 2008 yet handed out 26 BILLION in bonuses that were paid by the taxpayers. This is absolute insanity.

There indeed will be a time for profits but 2008 was not one of those times and thus it should not have likewise been a time for bonuses.

This privatized profits and and socialized losses crap on Wall Street has to be stopped. Cramer and Scarborough are just plain ignorant on this point.