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Oblivious
Political Animal —
Oblivious From the 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. The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages. Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, ...
Oblivious
Obsidian Wings —
... by hilzoy
From the 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.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages. ...
Sweet Bailout
Matthew Yglesias —
Looks to me like the $700 billion rescue package may have been $1.6 billion too large:
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.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay ...
To the rich go the spoils
Newshoggers.com —
... economic downturn sparked by the credit crisis will be easily or quickly reversed is how poorly focused government rescue efforts have been to date. The US government has already shoveled out half of the $700 billion dollar TARP funds it's been allocated to various financial institutions, while putting taxpayers on the hook for trillions more in far-less-than-certain loan-backed assets. Just where that money has gone is apparently none of our business, though we do know where at least $1.6 billion went:
Banks that are getting taxpayer bailouts awarded ...
What will the new Congress do?
The Reaction —
... . The economic rescue program alone could occupy a dozen committees for a dozen months. Yahoo! News spotlights the banking bailout scandal regarding huge gifts to banking execs#. Another similar story points out that there has been no overall ...
