Should Bank Execs Give Up Their Christmas Bonuses?

Barbara Walters tries to get Obama to shed a tear, but does little more than reveal her own class prejudice. Obama replies as would anyone with common sense.

WALTERS: Should bank executives -- it's almost Christmas time -- forgo their bonuses?

OBAMA: I think they should. That's an example of taking responsibility. I think that if you are already worth tens of millions of dollars, and you are having to lay off workers, the least you can do is say, I'm willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times.