Where Did The Bailout Money Go?

Where did the bailout money go?  To the bank executives of course!  I don’t begrudge anyone wages paid for a job well done, but this is ridiculous.  I am reminded of a previous post citing a Swiss bank that paid its executives in illiquid paper–if the paper regained its value, they would get nice bonuses.  Little Green Footballs has more details on the money that went to executives and the banks that were not willing to account for the money they received.

According to the article:

“The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what’s the plan for the rest?

None of the banks provided specific answers.”

It’s time to take a good look at all the people who are supposed to represent us in Washington and to throw a majority of them out.