mohead

Progressive Media, Music, Art and Events Blog Near near Salem, Oregon

Trillion dollar bailout very stupid idea.

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All power tends to corrupt and absolute power corrupts absolutely.Lord Acton

I think much is the same with large sums of government money disseminated [too kind of a word] to banks and corporations.   Couple lack of transparency in how banks are using the trillion dollar bailout, it should come to no surprise to us that we will get no value for its input.

Doesn’t take much.  Just give a CEO a second chance to come in a car instead his jet plane, and they get a hand out. I’m sure 60 minutes will have  oodles of video footage on where this money didn’t go, and scrupulous earmarkings in coming years.

Related:

Outrageous Misuse of Bailout Funds; and NO Congressional Safeguards

Throwing Money at Banks isn’t Working.

Bailout Profits Premature

What Part of the Bailout A “Bait and Switch?”

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Written by gettheconcept

January 18, 2009 at 6:29 pm

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