Bank's Exec payout...You're gonna be angry!!

[motordavid]

Speaking of banks and "banks", (the two types are fuzzy to my eye in terms of definition these days),
the part the bankers love most, so far, is the fact that Treasury, Paulson et al, are content to view
"the metrics" of TARP as opposed to requiring or even fookin asking the "bankers" how/where the doled
out dough is going or how it's being used. WTF?!

Execs at all but 2 of the bailed out banks reported that they felt "the money is fungible" so they
"did not intend to track or report" specifically what happens to the tax payer's money, according to the GAO.

This may end up being the best scam in my generation. It is Our money...and your grandchildren will be
paying for it, assuming they are not back in caves by that time.
One cannot make this stuff up.
GL, as we and the next gen, will need it. mD

[Eric5273]

Originally Posted by motordavid

Speaking of banks and "banks", (the two types are fuzzy to my eye in terms of definition these days),
the part the bankers love most, so far, is the fact that Treasury, Paulson et al, are content to view
"the metrics" of TARP as opposed to requiring or even fookin asking the "bankers" how/where the doled
out dough is going or how it's being used. WTF?!

Execs at all but 2 of the bailed out banks reported that they felt "the money is fungible" so they
"did not intend to track or report" specifically what happens to the tax payer's money, according to the GAO.

This may end up being the best scam in my generation. It is Our money...and your grandchildren will be
paying for it, assuming they are not back in caves by that time.
One cannot make this stuff up.
GL, as we and the next gen, will need it. mD

You'd think they would have at least come up with a good excuse to give all this money to the large corporations, like another war or something similar. I think they are getting cocky to the point that they no longer even feel the need to have a good excuse to give our money away.