Kirk: Banks Should Give Money Back

Monday, Feb 2, 2009  |  Updated 4:15 PM CDT
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Kirk:  Banks Should Give Money Back

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Republican Congressman Mark Kirk

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Republican Congressman Mark Kirk wants the government's money back.

Kirk told reporters in Chicago on Monday that taxpayers are due a refund from banks that got federal bailout money but still handed out more than $18 billion in bonuses.

President Barack Obama has blasted the same bonuses as "shameful."

A representative from Chicago's northern suburbs, Kirk said he would back legislation in Washington to try to get back some of the bailout money.

The average Wall Street bonus was about $112,000. Some argue bonuses are part of workers' compensation packages, not extra money.

Not everyone on Wall Street got a bonus. The top executives at major banks gave them up.

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