Monday, December 22, 2008

Not Terribly Surprising

Recipients of the some-odd $350 billion in TARP funds are refusing to disclose what they've done with the money.

Make no mistake.. the money is not meant to "bail out" anything. The money is simply a "redistribution of wealth"..

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.
Insiders ran the companies into the ground by essentially stealing from the public companies - because all of those getting paid off are the same people who decided where the money went.

It would be exactly the same if I started a company.. staffed it with my friends.. made sure they got paid outrageous money, running the company into the ground in the process.. then getting somebody to loan me a bunch more money.

Just what do you think is going to happen with that money?

When you consider the source of it all.. George Bush (enabled by inept Democrats), it's not particularly surprising. Billions in cash simply vanished in Iraq. Billions more vanishing in the US banking system is small potatoes.

And Teh Loons are upset about a 4% increase in the top income tax bracket.

Fuck 'em.

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