All they did with the TARP money was bonus themselves and continue greedy unwise short-term vision business as usual. Big business is now feeing their customers into the poor house as a result of feeling free enough to play with taxpayer money. The big banks, even Royal Bank of Scotland who got money from two countries - United States AND United Kingdom - decided to use their bail-out money to enhance their profit bottom line for the quarter. They even publicly said they saw no reason to start lending out the money to the public they were given for that express purpose.
Liberal social commentary, critical thinking analysis on world news and politics, political humor by Independent journalist Denny Lyon.
Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts
Friday, July 31, 2009
Politics: FINALLY! House Votes to Restrict Wall Street Bonuses
All they did with the TARP money was bonus themselves and continue greedy unwise short-term vision business as usual. Big business is now feeing their customers into the poor house as a result of feeling free enough to play with taxpayer money. The big banks, even Royal Bank of Scotland who got money from two countries - United States AND United Kingdom - decided to use their bail-out money to enhance their profit bottom line for the quarter. They even publicly said they saw no reason to start lending out the money to the public they were given for that express purpose.
funny, politics, news, politics-jokes, US, opinion
2008 Financial Crisis
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Barack Obama
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Fannie Mae
,
Freddie Mac
,
news
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opinion
,
politics
,
Republicans
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Royal Bank of Scotland
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Troubled Asset Relief Program
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US
,
Wall Street
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