November 4, 2008

Thanks, Mr Taxpayer ... that will do nicely!

Posted By Rob Millard - 1 Comments - print this article

pigtrough.png

So, apparently $20 billion of the first tranche of $125 billion of US taxpayers money being handed to US banks is going to fund the executive bonuses. After all, they did all work quite hard through the year, the poor chaps, so I suppose that they feel one shouldn't be too hard on them for causing a global collapse of the financial markets! Given how much of the rest of the taxpayer money is being used to fund war chests for big banks to acquire competitor banks (see the article 'So When Will Banks Give Loans?' in NYT of 25 Oct,) one wonders how much will really go to fixing things. Hat tip to Dennis Howlett.

Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.robmillard.com/admin/trackback/94698
Written By:Saty On February 6, 2009 5:39 PM

I did not believe, that it can be real..

Post A Comment / Question






Remember personal info?