Friday, January 16, 2009

Free Money Because You Pissed Yours Away....




$1.6B Of Bank Bailout Went To Execs
AP: Money Given To Struggling Banks Went Toward Bonuses, Stock Options, Country Club Memberships

Just 1 bank will track bailout money
Posted Jan 09 2009, 10:46 AM by Kim Peterson
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How is it that an ATM can give my exact balance at any time, but banks can't say what they did with $1 billion in bailout money?
Because no one forced them to. The government is handing out money like Halloween candy -- no strings attached. No strict rules on what banks should do with the money or how they should account for it. Only after the fact did people see the money go to executive bonuses and other non-essentials.


I understand the reason and need for the recent bailout but what I do not understand or cannot comprehend is why our government did not first demand accountability from the banks, why they did not put some stipulations on these funds. It was an obviously a huge mistake if read the story lines above and look at the still dead in the water financial situation. I was laid off my job some months ago through no fault of my own and am still unemployed and I have paid into those tax accounts for 42 years now, where is my handout, who's going to bail my butt out and no strings attached, it's ludicrous and absolutely sucks big time........


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