As company CEO's continue their lavish lifestyle, while wanting taxpayers dollars to support it:
GM and Ford CEO's each boarding their private jets on the way to Washington to plead for bailouts.
8 luxury jets in GM fleet - GM CEO was paid 16 million last year
Ford has 8 luxury jets - Ford CEO was paid 28 Millions last year
AIG after receiving 150 billion in taxpayer money - still owns 7 luxury jets. And continues with lavish "retreats"
http://abcnews.go.com/...
Goldman Sachs, Morgan Stanley and American Express overnight by Federal Reserve converted to banks.
Am Ex with 4 billion net income in 2007, and 150 billion in assets.
American Express Co. seeking $3.5 billion in funds. Wachovia bank in such financial trouble but loaned NRC 8 million.
This bailout plan, or Ponzi scheme of Bush's "little house of horrors" administration goes on and on. With such corporate excess and total disregard of reality. No oversight, no disclosures.
Executives still receiving their bonuses in the millions. Why wasn't this a condition? Is Cuomo the only one who is working to limit these excesses?
Automakers given 25 billion in bailout funds, and went through it in 2 months, and now back again asking for more, just like AIG.
Every day this gets worse and worse. If Congress had appointed oversight, would it be any better? Where and when does this stop? The excuses continues that they are all too big to fail. We cannot bail out every business and every industry.
Or was this whole bailout just a giant Ponzi scheme from Bush? His last big joke on us? Just a Stimulus package for Corporations and their executives?