AP study finds $1.6B went to bailed-out bank execs

[babylonsister]

AP study finds $1.6B went to bailed-out bank execs

By FRANK BASS and RITA BEAMISH



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 reveals.

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.

Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.

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 to boost their bottom lines.

more...

http://hosted.ap.org/dynamic/stories/E/EXECUTIVE_BAILOUTS?SITE=CONGRA&SECTION=HOME&TEMPLATE=DEFAULT

[SpiralHawk]

1. "Yay for us!" - Fatcat Republicon Cronies

"Too bad and stuff about you working proles (smirk). Now shut up and sit down. Sneer, smirk."

- Fatcat Republicon Cronies

[notesdev]

2. They killed the economy!

Those bastards!

[Double T]

3. NOTHING with the corporate filthy scumbags is any different........

in fact it has become much worse. The corrupt criminals have successfully robbed the US Treasury and then turned around to stick it to the very people that bailed their miserable wretched asses out with higher interest rates and charges. It is business as usual and beyond with no hope for anything being any different. Chris Dodd goes through the motions of saying he'll do something, then does nothing. I'm convinced the only way to fix this mess is to have our entire economy and financial system collapse; only then will there be enough outrage to do something about the arrogant crooks in the corporate financial institutions.

[opihimoimoi]

4. Them 600 POSs ??? How can they sleep? Assholes....Name them all

Send them dirty shoes with crap on it....

embarrass the hell outta them fuckers....

[Mist]

5. Psychopaths are infamously incapable of embarrassment or shame. nt

[Fumesucker]

6. Thank Gawd It Passed.. n/t

[sarcasmo]

7. The Great American Swindle continues.