google.com - 12/22/2008
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1 day ago 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 ...
news.yahoo.com - 12/22/2008
msnbc.msn.com - 12/22/2008
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msnbc.msn.com —
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)
$1.6 billion went to bailed-out bank execs
news.yahoo.com - 12/22/2008
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Banks ‘Refuse to Discuss’ Or ‘Simply Don’t Know’ Where TARP Money Is Going
Wonk Room —
... of the $700 billion program.
While neither the White House nor Treasury has made a formal request for the rest of the TARP money, lawmakers have already balked, particularly after reports from the Government Accountability Office (GAO) and a congressional oversight panel found that the Treasury has no idea what banks are doing with their share of the money.
In what should only add to these concerns, the Associated Press has released a series of articles highlighting how little transparency there has been in the TARP thus ...
A Sad Day For Milton Friedman
Booman Tribune —
... about what we did, or plan to do, with it. Especially, don't question the need to use those funds to brighten the lives of our senior executives this holiday season. That would be so gauche, don't you know. Ps. On a personal note, our family medical crisis turned out to be less serious than we had at first imagined and all is well. So here I am again, back to bore you with my meandering musings on the state of -- everything. Aren't you the lucky duckies?
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