$50 Billion From Bailout Going to Pay Bonuses

$50 billion of bailout going to bonuses | The Disciplined Investor

If it isn’t enough to make you sick to your stomach that U.S. taxpayer monies are apparently going to bailout the world’s economies, new information has come to light that several banks are planning to pay billions of dollars in year-end bonuses from the bailout funds they received. Already investigations are beginning into the nine banks that took in the first $125 billion. Yes, the same $125 billion that was supposed to be used to unclog the credit system which was preventing banks from providing much needed funds for individuals and businesses.

Not only was the bailout a bad idea for the obvious economic reasons, but now we have this. Who saw this coming from a mile away? A lot of people did. But yet here it is happening right in front of our eyes. I sure hope that the investigations turn up some concrete findings and this crap(pardon my French) gets stopped.