oldhans117 ([info]oldhans117) wrote,
@ 2008-09-28 09:06:00
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The big bailout
OK, now the taxpayers of American will be paying out $700 billion to bail out our so called great financial institutions. I wonder why these Harvard MBA's ran out of money, looks like this is the reason

"Last year Goldman paid its employees $20 billion, 44 percent of the firm's revenue. Chief Executive Officer Lloyd Blankfein took home $68.5 million, and many otherwise ordinary human beings took home $10 million or more."

From http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lewis&sid=a6a6nqXGVdZY

Gee there seems to be plenty of money, it's just all been looted by the CEO's and there crony's.

Gah and everyone in congress is going to support this damn thing, makes me want to vomit.



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[info]aenaminie
2008-09-28 07:35 pm UTC (link)
I'm so pissed about this. Did they actually approve it? I haven't been able to tune into the news since Friday, and the last I heard they were still debating it.

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[info]oldhans117
2008-09-28 10:48 pm UTC (link)
Looks like it, it's $250 billion initially, then $100 more if the prez. approves. And then $350 billion if congress feels its necessary. If the CEO's get a bonus over $500,000 it's not tax deductible. But it looks like Wednesday is when it will be voted on.

I'm not too happy about this at all.

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