Banker Logic

BANKERS DONT THINK LIKE BANKERS WHEN IT COMES TO THEIR OWN FIANCING. The banks in the government bailout program are soon going to receive 230billion or so dollars to unfrezze the credit markets. But they are going to give $120 billion in bonuses to their top excutives.
In their defense they said they werent going to use the bailout money to pay the bonuses. That will come from their profits.
That is like saying they arent going to drink from the full well that the government gave them. Instead they will do there drinking from the old dry well. How do u drink from a dry well? You cant. How could the banks get the money to pay excutive bonuses without the governments bailout money? They couldnt. They would be bankrupt without the bailout money.
The next time you try geting a loan use banker logic on them. They will proably throw you out the door.
Lets see what Henry Waxman does to the bankers when they appear before him in Congress and use the same logic.