And the Big Swindle Continues!

Via Dave Johnson over at Seeing The Forest:

November 9, 2008

Bailout Money Used For Bonuses To Rich Execs

In case you missed this, because of the election news. I apologize in advance for making it bold type, but I am really pissed off and want to be sure everyone sees this.

Wall Street Fat Cats Are Trying to Pocket Billions in Bailout Cash,

... nine banks about to be getting a total equity capital injection of $125 billion, courtesy of Phase I of The Bailout Plan, had reserved $108 billion during the first nine months of 2008 in order to pay for compensation and bonuses...

The country's top investment bank (which since Sept. 21 calls itself a bank holding company), Goldman Sachs, set aside $11.4 billion during the first nine months of this year -- slightly more than the firm's $10 billion U.S. government gift -- to cover bonus payments for its 443 senior partners, who are set to make about $5 million each, and other employees.

CALL your Congressperson's office and demand to know why the taxpayer bailout money is being used for bonuses.

So we seem to have unlimited money to throw down the rat-hole created by the folks who brought us this Economic Meltdown, but never enough for Medicare for All. And it appears that the Guys from Goldman Sachs, say Hank Paulson, etc., don’t find it efficacious to attach any strings to the “Loans” to these institutions that engaged in nefarious behavior, because I guess they have learned their lesson. NOT!

So, have the Congress-critters learned anything such as putting into place, as we bailout the Big 3, perhaps accountability and making responsible products. They do it in Europe. Why not here?

Do you think it is possible that the Bush Administration will leave even a dollar left in the coffers of the U.S.A.?