fatcat bailout

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HUDs HOPE Program Showing Little Hope

Banks across the country came hat in hand, accepting wads of hot sweaty cash from the Federal Reserve, with still over $300 billion to go.  And what are they doing with it?  Why - sitting on it, of course.  And paying out massive bonuses to the very execs who helped drive the economy to the brink of disaster.  And HUD's voluntary program languishes.

AIG Bailout - Shades of Things to Come

Well, here we go with the results of the first of what could be many mega-corporation bailout packages being abused by those receiving them - AIG American General spending part of that $85 billion package on a half a million dollar junket to a posh California resort (see the bill here http://www.thesmokinggun.com/archive/years/2008/1007083aig1.html?link=rs...). 

A quick look at AIG Board of Directors shows a stream of finance industry corporate fatcats - and not ONE there representing the "investment" that the American people have made in this company.

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