After Congress passed the bailout, but before the checks started to be printed, the affected banks set aside a cummulative $20 billion for executive bonuses.
The same executives who put these companies in a position of bankrupcy, are reward with millions of dollars each. If you ask me, these executives should have been fired for malfeasance, with zero severance, and tried as criminals.
The governemt has already tacitly admitted the bailout will cost 2-3 trillion dollars. I think it could hit 4-5 trillion dollars.
As Ron Paul said, the bailout was "the largest robbery in history".
Last edited by White trash wagon; 11-03-2008 at 07:20 AM.