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Executives Got $1.6 Billion Bailout In 2007

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Taxpayers coughed up $1.6 billions in 2007 so bank executives could rake it all in without blinking an eye or even giving a thought to the nation's economic crisis on their merry way to easy street.

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, click here http://www.huffingtonpost.com/2008/12/22/bailedout-executives-got-_n_152773.html        

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.

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

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