Politics | Timothy Geithner Obama: $18B in Wall Street Bonuses 'Shameful' President says he, Geithner will press executives on issue By Nick McMaster Posted Jan 29, 2009 3:43 PM CST Copied President Barack Obama, center, Treasury Secretary Tim Geithner, left, and Vice President Joe Biden meet in the Oval Office today. (AP Photo) President Obama denounced huge bonuses to Wall Street executives as “the height of irresponsibility” given the country’s economic hardship, the AP reports. Responding to news that financial firms paid out $18 billion in bonuses last year, Obama described the firms’ actions as “shameful” and vowed that he and Treasury Secretary Timothy Geithner will meet with Wall Street CEOs to make the point in person. Read These Next A former NFL Pro Bowler has died at age 36. The massive AWS failure exposed a big problem with the internet. A man ended up dead after trying to steal from Spirit Halloween. Disney+ and Hulu cancellations rose amid Jimmy Kimmel suspension. Report an error