ThePoliticalCat

A Blog devoted to progressive politics, environmental issues, LGBT issues, social justice, workers' rights, womens' rights, and, most importantly, Cats.

Saturday, October 18, 2008

Keep us stupid and it's easier to steal

Betcha you won't see this in any American media. Seems those Wall Street bankers and finance types who wrecked the economy are now making off with a lot of loot from this stinking Wall Street bailout.

You thought they were supposed to put a lid on the compensation? Didn't Bush assure us of that? Yeah right. How about they take 10% of that $700 billion right off the top for themselves instead?

The taxpayers won't miss it. No. I mean we didn't complain all that much when Bush spent a similar fortune attacking Iraq. Why on earth would we complain now? Shut up people and fork over your paycheck. There's a Wall Street executive out there who needs some more yachts.

Your kids don't need to eat. They don't need health care, clothes, or even a roof over their heads. These executives really do need more jets with gold plated bathroom fixtures. Hell, can you imagine the shame if they had to fly the same jet two days in a row? I swear, when the revolution comes, there's gonna be a long line of them frog marched off to jail.

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Stumble It!

6 Comments:

At 7:35 AM, Blogger Connecticut Man1 said...

Isn't the total cost of the entire bailout that they are talking about - because $700 Billion is just the stop gap for the first wave - is estimated to be $2,300,000,000,000.00?

10% of 2.3 Trillion is a neat plan of $2.3 Billion in their pockets.

I understand that, according to the article, some of that 10% is the base pay (straight salary) of workers. But any talk of any bonuses, stock options, etc., should disqualify them from getting any money from the government.

And they need to clawback any of the money they handed out for bonuses, etc., in the "credit derivative/ credit swaps" scams that got the companies upside down financially to begin with.

 
At 10:13 AM, Blogger Friend of TPC said...

Hi Connecticut man. 2.3 trillion, ouch!!! I wasn't aware of that estimate but it wouldn't surprise me one bit. In the meantime I will be absolutely thrilled if they clawback any of that money and I hope they do. I'm not holding my breath on that though.

 
At 11:00 AM, Blogger Friend of TPC said...

Oh, and another page worth a read:

http://market-ticker.denninger.net/archives/609-Now-What-Hank.html

History does repeat itself doesn't it? It doesn't look good folks.

 
At 10:31 PM, OpenID reconstitutionjr said...

And don't count on any serious prosecution efforts either, since Chimpy diverted all the white-collar watchdogs to looking for "turrists" years ago.

It's a pretty sweet deal for Chimpy and his cronies. Steal, steal, and then steal some more. Nobody's looking; after al;l, we have to get to the bottom of Obama's association with Ayres! All the MSM outlets say so!

 
At 6:45 AM, Blogger school for the girls said...

Hi The political cat,
I wish I was an US citizen and I could be able to vote. but it is so unfortunate!!!!

Hope you are well

Greetings
School For The Girls (Rebecca)

 
At 9:21 AM, Blogger Friend of TPC said...

Hi Rebecca,

Well, if you become a US citizen someday, you could vote. I am encouraged though to see more people in this country register to vote in this election. Where I live I see lots of people displaying signs for Obama and very few for McCain. If we have a fair election this time around, then we will have President Obama! And with Obama as President, I expect we will have some very positive change. But in the meantime, study hard! We need smart educated people the world over now more then ever, for you will be the key to solving many of our most pressing problems. You go girl! :-)

 

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