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$50 billion of bailout going to employee bonuses - Top Stocks Blog - MSN Money
This is just fucked up. It's why you need to put contingencies on bailouts and tax cuts. You can't assume these companies are going to use the funds to create more jobs or better the economy, they are only looking out for their people, not us.
Unreal.
Maaaan. Fuck.
Do not equate bailout with tax cut. Not at all the same. One is giving you money (essentially), the other is allowing you keep more of what you earn.Quote:
Originally Posted by Dale Mabry
That said, rather than "put contingencies in" I'm thinking more like "don't bail them out, period." They could have cut capital gains taxes way down for those companies and the American people and investing entitles would have bought up those stocks like hot cakes, thus capital is provided -freely- from the private sector.
Here is your bonus for making bad decisions and running us (the company) into the ground.
More like, Thanks for getting us so far into the hole that the gov'mnt gave us all this free money WOOOOOHOOOOO!!!
i smell shit. a big stinking shameless pile of it.
THat is why I was against it from the beginning. The money is only going to make the bankers richer. Nothing in it is going to help our economy, only get us deeper in the whole. I say make them responsible for their decisions and let them go under and let the strong ones like Wells Fargo come out of it ok!