Article: "Ten Percent of $700 Billion Rescue Package May go to Bonuses."

Remember when I said to call your congressperson and have them oppose the "bailout?" It worked the first time, but then came round two.

They larded the bailout up with ... well ... lard and shoved it down our throats. I was afraid something like this would happen:

The link: http://www.bloggingstocks.com/2008/10/19/ten-percent-of-700-rescue-package-may-go-to-bonuses/

"Wall Street walked into the path of its own oncoming stupidity. Of the $700 billion in Treasury rescue money, as much as $70 billion could go to bank and brokerage bonuses."

BUT WAIT! It gets better, believe it or not:

"AIG sent salespeople on a lavish luxury retreat at the same time it was getting billions in government aid. The retreat at the St. Regis resort in Monarch Beach, Calif., cost AIG $440,000 and came right after it received a $85 billion line of credit. Even worse, it planned another lavish retreat soon after. But when the press caught wind of that one, it was soon cancelled." (emphasis added)

Gotta love it. This is what our tax dollars are going for. Mad enough to stop paying your taxes & filing your tax form? If so, you're not alone.

B.O.H.I.C.A.