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AP study finds $1.6B went to bailed-out bank execs
Democratic Underground Latest Breaking News —
... bank performance, but still forked over multimillion-dollar executive pay packages. Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found. The total amount given to nearly 600 executives would cover bailout costs for many of the 116 banks that have so far accepted tax dollars to boost their bottom lines. Read more: http://hosted.ap.org/dynamic/stories/E/EXECUTIVE_BAILOU...
Midday Open Thread
Daily Kos —
The AP reports bank executives have received $1.6 billion in salaries and compensation from the bail-out package. You're doing a heckuva job, Wall St - bonuses all around! / snark What's the hottest shoe on the market? The new Air Jordans? Not in the Middle East.... Dec. 19 (Bloomberg) -- The shoe hurled at President George W. Bush has sent sales soaring at the Turkish maker as orders pour in from Iraq, the U.S. and Iran. The brown, thick-soled “Model 271” may soon be renamed “The Bush Shoe” or “Bye-Bye Bush,” Ramazan Baydan, who owns the Istanbul-based producer Baydan Ayakkabicilik San. & Tic., said in a ...
Morning Links
The Agitator —
Vice President Cheney says that if the president does it during wartime, “as a general proposition,” it’s legal. And of course, we’re currently in a “war on terror” defined broadly enough to ensure it’ll go on in perpetuity.
A cool $1.6 billion of federal bailout money thus far has gone to pay the salaries, bonuses, and perks for the executives who put the banks in the position of begging for a bailout in the first place.
Schadenfreude: The Oregon prosecutor who made national headlines last year by charging two seventh-grade boys with felony sex abuse for swatting the behinds of their female classmates now faces assault ...
Random Monday Morning Links
Hit & Run —
Vice President Cheney says that if the president does it during wartime, "as a general proposition," it's legal. And of course, we're currently in a "war on terror" defined broadly enough to ensure it'll go on in perpetuity. A cool $1.6 billion of federal bailout money thus far has gone to pay the salaries, bonuses, and perks for the executives who put the banks in the position of begging for a bailout in the first place. Schadenfreude: The Oregon prosecutor who made national headlines last year by charging two seventh-grade boys with felony sex abuse for swatting the behinds of their female classmates now faces assault charges of her ...
