Bank Loots Treasury: Taxpayer Loses!

Today I heard that certain people on Wall Street were getting bonuses of 13 point something BILLION for the year!!!

That was after the company they worked for had accepted 10 BILLION from the Tarp (I think that's what Hank called it) the 'GOVERNMENT BAILOUT'. wtf???

GUESS what else I heard? Certain banks that accepted our BAILOUT $$$ have, instead of making loans available to the businesses and consumers that need them, BUYING OTHER HEALTHY BANKS!!! Once more, wtf??? IN UNISON NOW,... WTF???

Never mind, Lou Dobbs, this gives an entirely new meaning to the term CORPORATE SOCIALISM.

ENOUGH ALREADY.

Mike Mukasey, you have got your work cut out for you now, and so have you PRESIDENT OBAMA!

Corporate Crime

We need to correct this BS asap: The WaPo headlines a piece which features a tax policy regulation issued recently that amounts to corporate welfare -- correct that: stealing taxpayer money to pay banks and other corporations that only lose money.

For losing money in a given year, these conservative executives expect the government (taxpayer) to give them a cash refund. What Balls. If this is "conservative" as in what conservative economists think, then I am definitely not a conservative, and not in this mold.

That is as radical socialist as it gets. That's called corporate socialism. That's what we've had for 8 years and that's enough of that.

Excerpt: full article at this link.

The opposition to Section 382 is part of a broader ideological battle over how the tax code deals with a company's losses. Some conservative economists argue that not only should a firm be able to use losses to offset gains, but that in a year when a company only loses money, it should be entitled to a cash refund from the government.