Today's Outrage: Stupid Bankers Never Learn

Stock quotes in this article: C , BAC , MS , RF  

Today's Outrage is published weekdays at 9:30 a.m. EDT and is available as an RSS feed.

How stupid are bank executives? Seriously, how dumb do you have to be to continue to flaunt your special perks, paid for at shareholder and taxpayer expense?

I'm talking about the executives at Citigroup (C Quote), Bank of America (BAC Quote), Morgan Stanley (MS Quote), Regions Financial (RF Quote) and other banks who continued to use corporate jets for apparently personal trips, according to a report in the Wall Street Journal, which reviewed Federal Aviation Administration flight records to uncover this dirty little secret.

I just don't understand why these bankers couldn't cool their jets for just a little while.

They are paid well enough to charter their own flights without wasting company money or further upsetting regulators, legislators and taxpayers who are already fed up with the extravagances of the banking world and the arrogance of banking leaders who leaned on taxpayers to keep their businesses afloat.

At the very least, the bankers should have taken a hiatus on personal flights on the corporate dime until they had repaid their bailout funds.

For that matter, what are these guys doing taking all these vacations in the midst of a financial crisis anyway?

It seems like every time we start to regain a little confidence in the folks running our financial system, they have to screw it up and give us another reason to doubt their intelligence.

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