Posted by: dutchimport | January 9, 2009

Bail out

Listening to NPR (“Excuse Me, Have you Seen Our $350 Billion?”)this morning on the radio I got so upset! Financial institutions spend the first $350 billion out of the $700 billion bail out package without the government keeping a eye out on what they were spending it on: bonusses for their CEO’s and paying divident to their share holders! NOT what the bail out was for: providing loans again!

Now, when Obama takes office, his guys are going to monitor the the rest of the bail out sum, but what the f#ck? How about letting the institutions reverse that spending of the first part of the bail out?! This is ridiculous! Check out this New York Times article!


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