Custom Search

Friday, October 31, 2008

Dont Read This It Will Make You Sick

Paulson's revised bailout package which was supposed to get more money into the system to unlock the credit markets is instead going to the bankers and the bank shareholders. The bankers,according to the Washington Post are paying out over half the bailout money in special dividends to the banks shareholders. Plus the golden parachutes and excesive pay will be allowed under this revised plan.
This pretty much defeats what was a feeble attempt to begin with of having any hope of restarting the economy. Over half the money is going to the shareholders and excutives. HOW IS THAT GOING TO HELP THE ECONOMY