Thread: $1.6B went to bailed-out bank execs

AP study finds $1.6B went to bailed-out bank execs. WTF is wrong with ppl? They really need to start cracking heads down there and not have it so far up their ***!


By FRANK BASS and RITA BEAMISH

Associated Press Writers


Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.

The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.

That amount, spread among the 600 highest paid bank executives, would cover the bailout money given to 53 of the banks that have shared the $188 billion that Washington has doled out in rescue packages so far.

What about the bailed out banks that refuse to tell the public how the bailout money is being spent. Or my favorite is the bank that told the AP that they weren't going to tell them how it was being spent and that they didn't want them to report that

Originally Posted by bmnehls

What about the bailed out banks that refuse to tell the public how the bailout money is being spent. Or my favorite is the bank that told the AP that they weren't going to tell them how it was being spent and that they didn't want them to report that

its just a mess! I hear that some of the AIG bailout money went to european banks