$1.6B Of Bank Bailout Went To Execs, AP: Money Given To Struggling Banks Went Toward Bonuses, Stock Options, Country Club Memberships – CBS News

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SO Bitter/Mad/Angry/Frustrated at Congress right now (I told you so, isn’t felt strong enough!):

(AP) 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.

Honestly how can we get this data, and start a email campaign to Congress and our Senators!
This is the same as Taxpayer Grand Larceny and FRAUD!

$1.6B Of Bank Bailout Went To Execs, AP: Money Given To Struggling Banks Went Toward Bonuses, Stock Options, Country Club Memberships – CBS News

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