How Banks Banked On Tax Payer Dollars

I, like many, dwelled on the notion that Wall Street not only retained the culprits of the Financial Collapse but also defended the need to award such bloodsuckers. John and Jane Doe in Middle America were filled with indignation. Capitol Hill and top officials of the Obama administration were just 'outraged'. The CEO's of AIG and the top banks had the audacity to argue that it has to pay bonuses because, if they lose their best employees, it would be harder for the company to recover and help the government recoup its investment. 'These are our best and the brightest!' And everyone from politicians to journalists to talking heads and satirist voiced their disapproving anger at not only the bonuses, but at the proposition that these fuck ups are defined as the 'best and brightest'. Well guess what America, they are. And we either have the dumbest government to date, the blindest government, or the smartest government that is aiding in robbing tax payers blind while pinning blame elsewhere and watching us go at like a dog fight at Michael Vicks.

The nation's six largest banks shelled out over $140 billion for executive compensation last year. That isn't a large scale back from the $164 billion they paid themselves in the pre-crash year of 2007. What about the record profits posted last year and in the first quarter of this year from bailout recipients? They obviously aren't selling or refinancing houses. And based on the tumbleweeds floating through former factory town, America isn't and hasn't really been making or manufacturing anything to boost the economy. How did these 'best and brightest' go from brink of bankruptcy homeless-hand-out baggers to record profits makers almost overnight. I've only heard of Lotto winner being able to pull that off.