Here's What President Obama Said To John Thain After He Went And Remodeled His Bathroom With Bailout Funds | Exploring Markets

Here's What President Obama Said To John Thain After He Went And Remodeled His Bathroom With Bailout Funds

President Obama criticized companies that have used federal money they received under the financial bailout for low priority or wasteful purposes and promised not to let that happen. He cited “reports that we’ve seen over the last couple of days about companies that have received taxpayer assistance, then going out and renovating bathrooms or offices, or in other ways not managing those dollars appropriately.”