$1.6B Of Bank Bailout Went To Execs

$1.6B Of Bank Bailout Went To Execs

www.cbsnews.com

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.

(visit the link for the full news article)

Is anyone fed up with this yet? When are we going to stop this, our politicians are pushovers - they aren't even reading our letters, I am getting automated replies. And one of them had nothing to do with the bailout.

Its just horrible to watch them lie to us and do what they want, free and clear. Paulson and Bernake should be arrested.

This is a disgrace.

www.cbsnews.com
(visit the link for the full news article)

Anyone who agrees with this junk should be punched in the face numerous times... the executives included

reply to post by xstealth


Trouble is I think either people are fed up about it but dont know what to do, or they just dont care. When you talk about someone getting a 3 million dollar bonus every day, the average person tunes it out, thinking that it happens all the time, what can you do?

We had a chance this past November to change things, especially in Congress with its wonderful approval ratings and the public put the same people back into office.

Why would our government change when the people either dont care or are so beaten down that they simply cant resist? Remember Joe the plumber? Who wants to go through that?

Our apathy is and will kill us. We will all wind up being socialists and working to support all of our industry while our "leaders" rejoice that no one is poor anymore or we will see an uprising.

The rich get richer, the rest of us get indentured servitude.

I suspect that apathy has little to do with the lack of response. I'm not arguing against the general lack of engagement by the people in these affairs, but I feel that blaming them is like saying 'the American people are to blame for 9/11.'

It's a bit myopic.

Most people are still talking about the $700B 'bail out' and not many are even considering the 7+ Trillion this 'episode' is going to cost us. The media seems fixed on the 700 billion dollar sum, like anything more is mere speculation.

The American people are ignorant of most of the facts behind this matter..., and they are led to believe that the media is 'on top of it' telling them everything they need to know. But they don't really, do they? And how are we to know that which is not told to us? By word of mouth? From websites and blogs that are 'speculative and conspiratorial' and have been preempted in value as 'potentially damaging to a person's mental health'?

We can only tell people who want to listen. But the people, generally speaking, are being told - "you shouldn't listen."

America is not yet done. We still have the Constitution, and that is the weakest link in the financial yoke that is being thrust upon us. The problem is, those we ask to swear an oath to protect and serve by it's guidelines are NOT interested in our well-being beyond how it serves them.

The servants have become (at least in their minds) masters. We are consumers of political celebrity news, and "reality" TV !

The press is dead, journalism is extinct, and the intelligencia elite have abandoned reason for madness.

Indoctrinate your loved ones, tell them they are being used. Explain what it is supposed to mean to be a servant of the people. Most can see when the system fails, the trick is to see when the system is being set up to fail...