Kelly J
12-21-2008, 02:34 PM
http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts
[Well if this isn’t typical Screw the People. I don’t know what is. We were put on the bill, to bail out these Idiots, as it turns out we are the Idiots, for allowing this BS to take place in the first place. I said before and do so again we should have let them fail, now guess what they get the Benefits and we get the Shaft. AGAIN]
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.
Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.
The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars to boost their bottom lines.
http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts
[Well if this isn’t typical Screw the People. I don’t know what is. We were put on the bill, to bail out these Idiots, as it turns out we are the Idiots, for allowing this BS to take place in the first place. I said before and do so again we should have let them fail, now guess what they get the Benefits and we get the Shaft. AGAIN]
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.
Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.
The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars to boost their bottom lines.
http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts