Corporate socialism has now officially run amok. According to a new report from the Associated Press, as much as $1.6 billion of the $350 billion in taxpayer revenues allocated to bail out U.S. banks has gone directly to top executives at America's leading financial institutions.
Even at banks where compensation was reduced, executives still received millions in salary, bonuses and perks:
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.
rest at http://www.pensitoreview.com/2008/12/22/bank-execs-have-personally-pocketed-16-bil-from-bailout/
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