Jamie Dimon, the Chief Executive for JP Morgan (a bailout recipient), received a $16 million compensation package for 2009. Are you fucking kidding me? You reported a $11 billion profit in 2009 because we gave you $25 billion to get yourself back on your feet. Did the economy bounce back and no one told me?

Some say it’s progress because in 2007 he received a $30 million compensation package. Who needs $30 million a year to over-see a company? Perhaps this is why they needed taxpayer help in the first place. And that’s just one executive; others are receiving are receving $10 million in compensation packages. Easily a few hundred million will go out the door of JP Morgan in executive pay for the recession scarred year of 2009.

Lloyd Blankfein,Chief Executive at Goldman Sachs (another bailout recipient), has Jamie Dimon beat: $40 million for 2009! In 2007, he received $67 million in compensation. Again, why so much? Do these companies not see how their excess is a detriment to their companies’ financial stability and the US economy as a whole?

These are men who had to take heat from Congress and give their very lame excuse filled reasons, and empty apologizes, for the banking crisis that has crippled the nation. (see TDS Blog Entry for January 13th 2010  “The Bankers Are Sorry…For Getting Caught”)

There seems to be no true regulations, as there are endless loop holes that will allow greed to continue to drive the American economy wherever it may go. Consequences?   We, the average US citizen, are the ones who feel the true aftermath for schemes we did not conspire to carry out, and did not have the benefit of filling our pockets with millions while no one was looking.

How I long for a modern-day Robin Hood to even the score.