Let's all bash on the idiots that supported the bailout. O, I mean the Troubled Assets Relief Program (TARP).
How is it that rich fucks can steal billions of dollars and there is next to no outrage?
And, this is public money. Our money!
Update: I'm trying for the most salacious title possible.. Any suggestions?
In the United States, top officials at banks being supported by Government bailouts received nearly US$1.6 billion in salaries, bonuses and other benefits - including chauffeur-driven cars and private use of company jets - for the last year.
In Britain, senior bankers at four London firms last week shared about 6.4 billion ($16.6 billion) in bonuses.
The big American payouts were made even at banks where poor results last year foretold the economic crisis that sent them to Washington asking for Government help.
The Treasury Department said on Friday that it had used up the first $350 billion that Congress approved for its financial bailout program. But it made no move to ask Congress for the next round of money.
The vague responses from the banks should not come as a shock, said one U.S. House Financial Services Committee member who opposed the bailout.
"One of the fundamental problems with the Wall Street bailout was the people who had caused the problem were never called in front of Congress to explain what they had done, what needed to be done," said Rep. Thaddeus McCotter, a Michigan Republican.
Congress did not put conditions on the bailout money, leaving lawmakers to press the Treasury Department for transparency after the money was handed out.
More companies lining up for piece of bailout fund
The Greeks are raging... Why can't we?