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 This guy really loves one Disneyland ride in particular. China hits an unprecedented economic milestone. California teens took to a football field to form a human hate symbol. Ex-ballerina is now the youngest self-made female billionaire. Report an error