bank bailout

Pissing away $700 billion

Posted Thu, 10/30/2008 - 09:12 by Tony Wikrent

Half of the bank bailout is being paid out as dividends ! These bastards are shameless!

U.S. banks getting more than $163 billion from the Treasury Department for new lending are on pace to pay more than half of that sum to their shareholders, with government permission, over the next three years.

And in case you missed it two weeks ago: one of every ten dollars of the "bailout" is being used to pay bonuses! That's right - the bastards are getting $70 billion in bonuses for destroying the financial system and wrecking the economy.

Paulson heads bailout: What is wrong with this financial picture?

Posted Sat, 10/04/2008 - 10:06 by luaptifer
[Update: with minor edits towards clarity - luaptifer] This is incredible. The Day the S.E.C. Changed the Game steps backward to the date, April 28, 2004, on which SEC gave the OK for the five banks that have precipitated the current spiral of the global financial crisis to begin their own financial risk monitoring programs rather than continuing to use the objective models then restraining all other banks from 'overdoing it'.