Reverse Robinhoods, I am not just PISSED I am FUCKING IRATE!!!

[kpete]

Reverse Robinhoods, I am not just PISSED I am FUCKING IRATE!!! Sorry about the F bomb but this deserves it. This will be short and to the point!
December 13, 2008, 6:09AM

I just powered up my DVR to watch Bill Moyers Journal, on this episode of "The Journal" Bill had a guest named Emma Coleman Jordan and during their conversation it was pointed out something I did not know,

THAT HALF OF THE FIRST $160 BILLION HANK PAULSON HANDED OUT WENT TO PAY SHAREHOLDER DIVIDENDS!!!!

FFFFFFUUUUUUUUUUUUCCCCCCCCCCCCCKKKKKKKKKK!!!

"Gipsies", Tramps and Thieves! Talkin' 'bout the government that we see, call them "Gipsies", Tramps and Thieves!

And people wonder why those Chicago workers at Republic were upset.

It is Reverse Robinhoodism as the Bush Administration steal from the poor to give to the rich!

http://www.talkingpointsmemo.com/talk/blogs/tmcpac/2008/12/reverse-robinhoods-i-am-not-ju.php

[Mari333]

1. and nary a peep from the MSM n/t

[Warpy]

2. The MSM all got the dividends

Why would they complain?

[SammyWinstonJack]

3. Nothing shocks me anymore, which is quite sad, really.

[Lifetimedem]

4. That was a GIFT from the elite

to themselves and their friends
And what do all of them say (including Palosi ) say to GM folks?

EVERYONE INCLUDING STOCKHOLDERS ( like me) need to take a HAIRCUT ...not for a GIFT, but for a LOAN

[exman]

5. dividends?

Maybe I'm stupid... but aren't dividends paid out of profits? How do they justify paying dividends on a loss.???

[Uncle Joe]

6. Justification and Bush administration policies

having nothing to do with each other, however apparently after the no strings attached bailout was passed they did profit, it was we that lost.

Welcome to D.U. exman.:hi:

[justabob]

7. yeah

I have been trying to get my head around that too. I guess it is kind of like justifying bonuses for execs who ran their companies into the ground? :shrug:

[knowbody0]

9. and why these bonuses are never blamed

for the rising costs of building a freakin car

[justabob]

13. I know

It makes me completely nuts. It is so surreal and gets weirder every single day.

[FormerDittoHead]

12. ...and they're not taxed thanks to you-know-who's-still-there. n/t

[justabob]

8. That whole show will push your blood pressure off the charts

Great interviews, but damn! When does the madness stop?

[grasswire]

10. is it the episode that aired last night?

please advise

[justabob]

11. yes

I think someone posted the transcript. It is very very good, but infuriating, as the op noted.

on edit: http://www.pbs.org/moyers/journal/12122008/transcript4.html

[Initech]

14. What the fuck?????? Thieves and thieves alike.

:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :grr: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke:

[slipslidingaway]

15. That figure is just WRONG...

http://www.pbs.org/moyers/journal/12122008/transcript4.html

More like 80 million according to the transcript, there was an analyst on CNBC talking about the dividends before the bailout vote. His idea was that the companies should use some of the dividend money, but few paid attention.

Look who was called to testify before the financial bailout vote in comparison to the auto company money.


:shrug:


"...BILL MOYERS: I read that of the first big wad of cash, something like $160 million or so, that the government handed out for lending, the banks paid more than half of it to shareholders. Which means those workers losing their jobs in Chicago, while investors are getting taxpayer funds for dividends, right? Is that your understanding of what's been happening?

EMMA COLEMAN JORDAN: It's an economic cruelty, is one of the ways of thinking about it. Where taxpayers, or people who are at the bottom on an income spectrum are asked to pay taxes into a fund that is used to rescue failed financial management strategies and practices.

BILL MOYERS: So help me understand why it is that institutions that take so much of your, my, and everyone else's money is spending it - are spending it on dividends.

EMMA COLEMAN JORDAN: Well, because there's no accountability. We have a leadership at the Treasury Department that has decided we'll just trust them."