Banks to Treasury: Keep Your Bailout. We’ll Keep Our Bonuses.

Jacobs poses this question. The U.S. government has a far uglier budget than any U.S. bank, with a deficit expected to more than double to $407 billion this year from last year’s $161 billion. It also is the home of $640 toilet seats and $1 trillion in missing transactions. No bank in the U.S. has been as irresponsible as that. So who is in a better position to push the banks into more responsible performance–the government or the markets and shareholders?

via Deal Journal – WSJ.com : Banks to Treasury: Keep Your Bailout. We’ll Keep Our Bonuses.