Bank Executives Win Big In Bailout

Bailout Associated Press  Associated Press study finds $1.6 billion dollars went to bailed-out bank executives
by Associated Press
Published: Sun, December 21, 2008 - 12:19 pm CST Last Updated: Sun, December 21, 2008 - 12:24 pm CST
UNDATED (AP) - Banks that are getting taxpayer bailouts awarded
their top executives nearly $1.6 billion in salaries, bonuses and
other benefits last year.
An Associated Press analysis finds executives were rewarded even
at poorly performing banks. Some trimmed their executive
compensation but still forked over multimillion-dollar pay
packages.
The benefits included cash bonuses, stock options, personal use
of company jets and chauffeurs, home security, country club
memberships and professional money management.
The total amount given to nearly 600 executives would cover
bailout costs for many of the 116 banks that have so far accepted
tax dollars.
The chairman of the House Financial Services committee, Barney
Frank, says the bonuses amount to a bribe to get bank executives to
"do the jobs for which they are well paid in the first place."
A member of Frank's committee, California Democrat Brad Sherman,
says bankers should have to come before Congress, like the
automakers did, and spell out their spending plans for bailout
funds.
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I always did like that hard candy no matter what time of the year.What we called hard candy was the sugar crystals that formed like crazy around the can of home made syrup.Things are a little tight this Christmas but not bad.We’ve had to operate Christmas for some time now on the inverse proportions system,The more kids,grand kids and great grand kids you have the less you have for each.grin but it all works out.Glad to hear your daughter will be with you.If you are over in this neck of the woods sometimes let me know on the other site and I’ll tell you how to get here and we’ll heat up a pot of coffee.Tell that daughter a MERRY CHRISTMAS from us.

reminds me of that alan jackson song the little man. you would think with age and all that goes with it i would feel bigger and better but i am continually reminded of just how small of a fish i am. carrying the load and not getting to decide what to carry. expecting the daughter in the morning, farm looks pretty, she might get an interest in it besides turning it into trailer park! merry christmas of course. gonna be a tight one this year, not quite hard candy but not far away.

HEY Claycity! How’s the holidays gonna treat you? You gonna get to see that daughter or not? Yep! this whole situation with the bailout is a mess and should have been done after some careful thought if at all.The big 3 auto manufactures sold their private jets but the CEO’s and others of the banking and financing industries are still flying high and lavishly,parties and bonuses and dinners and lunches in Mexico,London and Paris. Mean while the poor taxpayers are struggling to keep ahead of the “TAKE BACK MAN”.WE are rewarding these people for acting foolishly in their jobs and they are continuing to do so. MERCY!

Well, it figures.. These people have a lot of nerve!

thats typical, they are all in favor of bailing out the banks, (Business, as usual) and very much against the bailout for labor. you get what you vote for.

Of the seven congressmen for Alabama,6 voted for it. S. Bachus-J.Bonner-B.Cramer-A.Davis-T.Everett-M.Rogers. One lone dissenting vote came from R.Aderholt.

Which reps voted for this?

I see now the banks are refusing to say where the money they got from the bailout went or either do not know where it went.They all are still flying their corporate jets around the world and having lunch or dinner in exotic places with their friends while a lot of the people that had to put the money up can barely feed their families. Come election time remember our reps. who voted for this with no strings attached.They seem to hiding in the back ground at this time hoping people will forget.

Exactly what I was ranting and raving about before it was approved.We needed some kind of penalty for these people not bonuses! But a congressman or two of ours didn’t want to do that,just throw the money at them and all will be well seemed to be how a few of them thought.I bet there are a lot of CEOs and such now grinning like a cat that caught a mouse.Let’s try to remember those who voted for this bailout with no penalties for these people,come election time.

This is unreal. These are the people that led these banks down the rode to destruction. Bonuses ? No way. Prison time is more like it.

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