Welfare Queens Gone Wild: The "Viva Las Vegas" Episode

[marmar]

from ThinkProgress:



Bailed-out Wells Fargo plans lavish corporate getaway to Vegas.»

Wells Fargo, “once among the nation’s top writers of subprime mortgages,” has received approximately $25 billion in taxpayer money from the federal bailout. While other bailed-out firms — such as AIG — have canceled expensive junkets, the AP reports that Wells Fargo is sticking with them:

Wells Fargo…has booked 12 nights at the Wynn Las Vegas and its sister hotel, the Encore Las Vegas beginning Friday, said Wynn spokeswoman Michelle Loosbrock. The hotels will host the annual conference for company’s top mortgage officers.

The conference is a Wells Fargo tradition. Previous years have included all-expense-paid helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 employees and guests. (…)

“Recognition events are still part of our culture,” spokeswoman Melissa Murray said. “It’s really important that our team members are still valued and recognized.”

http://thinkprogress.org/2009/02/03/wells-fargo-vegas/

[onethatcares]

1. well, hell, I mean, what are they supposed to do with that kind of money?

use it to help others out or something? Jeez, if the hotels won't recognize the banks and bankers, who else will? But, why are hotels awarding bankers? That just don't make any sense at all.

(seriously, nothing surprises me anymore about this bailout bullshit, nothing, nothing at all).

[valerief]

2. It's like they're pissing in our faces and laughing while they do it. nt

[midnight]

3. No wonder they won't give me a lower mortgage rate.

They would rather party than provide a very much needed adjustment in a mortgage rate.

[dixiegrrrrl]

4. U know what the pisser is to this?

How many current depositors will continue to bank with WF even as it rips the country off.
Because, as a neighbor told me, "It's just too much trouble to change accounts".

[Bluebear]

5. “Recognition events are still part of our culture” - well, bully for your culture.

Fund it yourself.

[Initech]

6. Executives gone wild

[4 t 4]

7. 25 BILLION to Wells Fargo

and 12 DAYS BOOKED in Vegas for their group. Are you kidding me ? Full disclosure now of all the bail out monies for all the banks-Full disclousure Now!

[Initech]

8. Yeah really.

Who the fuck benefits from these bailouts? Is it us? NO!!!! Its the god damn piece of shit executives that benefit from this. We need to end executive privalege (not just for the commander-in-chief) now!