Kirk: Banks Should Give Money Back - NBC Chicago

Kirk: Banks Should Give Money Back



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    Republican Congressman Mark Kirk

    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.