Sunday, September 15, 2013

Barney Frank: Why Are Bankers Paying Themselves So Much Money?

Appearing on "Meet the Press," former Congressman Barney Frank had a simple question for  CNBC host Maria Bartiromo, who spoke about banks "struggling," along with moderator David Gregory and former treasury secretary Hank Paulsen: "I do want to add one thing, though, to your question about those poor beleaguered bankers who have been forced to do so much to keep from not being able to pay their debts that they can't lend money. If they really are running businesses that are so stressed that they can't do their basic work, why are they paying themselves so much money? Where did these enormous salaries come from if they were in fact in such serious trouble?" Paulsen is tongue-tied, Bartiromo laughs awkwardly and Gregory changes the subject. Watch:

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