General Motors is reporting record profits for 2011 and has announced it will reward employees with $7,000 bonuses. ’Scuse me? Bad enough the execs got huge bonuses for doing nothing more than accept a massive taxpayer-funded bailout. Now they’re giving bonuses to all the employees? Hey, pay back the damn taxpayers first! The employees should be more than happy just to have their jobs. No bonuses till all the bailout money is repaid. Period.
When it comes to high finance, I’m a dunce, so it figures I don’t understand the details of big banking, bailouts, and bonuses, but … Pres. Obama is saying now, … Continue reading Closing the barn door after the money’s out
Once upon a time you dressed so fine
You threw the bums a dime in your prime, didn’t you?
— from “Like a Rolling Stone,” Bob Dylan
Hey there, Citigroup. How’s it goin’, BoA? What’s that you say? The treasury that gave you all that bailout money last year has abruptly, unexpectedly changed the terms of the deal? Gasp! Those heartless bastards are going to ding your execs for up to 90% of their salaries!? You had an agreement in place; you were upholding your end of the bargain. You did everything they said. And now suddenly, with no reason, they’re coming back and hitting you with huge new charges!? And right before the Christmas season, too.
The nerve! Where do they get off doing that to you?
Snicker, snicker. Hehe. LOL. ROFLMAO!!
My thanks to Writer Chick for bringing this video to my attention:
[youtube=http://www.youtube.com/watch?v=QbupWjKLcHw]