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news.yahoo.com - 12/22/2008

AP study finds $1.6B went to bailed-out bank execs (AP)

— news.yahoo.com — AP - 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. (more) AP study finds $1.6B went to bailed-out bank execs (AP)

Comments vote downundo vote up Political Animal found this 12/22/2008found this

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hosted.ap.org - 12/21/2008

AP study finds $1.6B went to bailed-out bank execs

— hosted.ap.org — 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.... (more) AP study finds $1.6B went to bailed-out bank execs

Congress

Comments vote downundo vote up Democratic Underground Latest Breaking News found this 12/21/2008found this

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huffingtonpost.com - 12/21/2008

AP study finds $1.6B went to bailed-out bank execs

— huffingtonpost.com — Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits in the calendar year 2007, an Associated Press analysis reveals. The rewards came even at banks where poor results last ... (more) AP study finds $1.6B went to bailed-out bank execs

Congress

Comments vote downundo vote up Rising Hegemon found this 12/21/2008found this

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Bailout Industries Still Don’t Get It
The Moderate Voice — ... Reports first indicated bailed out banks paid up to $ 1.6 billion dollars (thats $ 1,600,000,000.00 for those of us who write out checks to pay our bill every month) to executives in the form of wages, bonuses, benefits and the like. They also have not given up the perks like ...

Hullabaloo — ... They created exotic instruments and spread risk everywhere, covering their bets by over-leveraging and using the money to make side bets on the very securities they were parceling out. And while they were setting up the larger economy for a huge crash, they were drawing enormous salaries, taking fabulous trips and buying multiple homes. In fact, even NOW, after getting billions in taxpayer money in the bailout, they continue to fly corporate jets, evade their taxes and take billions in bonuses. Banks that are getting taxpayer bailouts awarded ...

Oh noes! George Will discovers that the Bush-Cheney "admin" sucks!
Daily Kos — ... And indeed, plenty of TARP funds are being stolen ahem... paid out as exactly the kinds of bonuses the legislation supposedly outlawed ...

Check out this PUFF PIECE on the BAILOUT from the HARTFORD COURANT - "Overseers Having Trouble Tracking Money" - "Panel also finds it difficult....
BlondeSense — ... she did not understand why it has taken so long for the Bush administration to explain its plan. Say WHAT??? I'm no Harvard law professor -- how come I can figure this out???? Check out the last sentence of the article: However, a recent review by The Associated Press found that after receiving billions in aid from U.S. taxpayers, the nation's largest banks can't say exactly how they're spending the money. Some wouldn't even talk about it. Remember the AP story from December 22: $1.6 billion went to bailed-out bank execs ...