President Obama said that Wall Street employees who received some $18 billion in bonuses as their company received last year's taxpayer-funded bailout displayed "the height of irresponsibility. It is shameful."
"And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility," Obama said. He had the day prior met with many business leaders.
Obama said that the public doesn't like trying to dig the financial sector out of a hole only to see the money spent lavishly. Vice President Joe Biden said the level of bonuses "offends the sensibilities."