U.S. Rep. Mike Rogers, MI-08, released the following statement today regarding media reports that bonuses are being set aside for the very Wall Street firms that triggered the on-going credit crisis:

"Bonuses for the Wall Street firms that triggered the credit crisis are exactly the kind of outrageous excesses I was concerned about when I opposed the $700 billion bailout bill approved by Congress. This is a simple matter: Wall Street firms taking a taxpayer bailout should pay absolutely no bonuses to any executive, period. Among the reasons I opposed the bailout was the fact that the legislation failed to provide adequate oversight. Now we are seeing the consequences as Secretary Paulson arrogantly refuses to disclose how he is spending an astronomical amount of taxpayer money. This approach must stop. I am ready to stand with anyone in Congress willing to fight to put a stop to the outright theft of American taxpayers' money."