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More on Where the money went - 1/23/2009 9:09:28 AM

Nosathro

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Joined: 9/25/2005
From: Orange County, California
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As some of you may know the new CEO of Bank of America John Thain suddenly resigned. It seems the new CEO who was the former CEO of the trouble Merrill Lynch allowed end of year bonuses to top executives of Merrill Lynch, at the same time reported a 4th quarter loss of 15.3 billion and asked the Government for an additional 20 billion in bailout money.

This was all done as Bank of America was buying Merrill Lynch and asking the Government for more bailout money as well.

In other news the government distrubtes another 1.5 billion to those troubled financial companies. The House as a symbol of it displeasure over the TARP program passed a vote to block the funds, the Senate has given its' approval to release the funds.

Meanwhile, unemployment up, foreclosures up, personal bankrupties up, personal income down.

Is nice to see some people are doing good.

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"The love of a slave girl is the deepest and most profound love that any woman can give a man. Love makes a woman a man's slave, and the wholeness of that love requires that she be, in truth, his slave." Magicians of Gor, page 31

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RE: More on Where the money went - 1/23/2009 9:11:50 AM

missturbation

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Oh well at least somewhere near 80% of the money your banks lent out didn't go to foreign countries in the past six months.

Oh and at least foreigners werent coming into your country, getting high powered jobs then recieving bonuses of $50,000 upwards and fucking off back to their own country with them.

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RE: More on Where the money went - 1/23/2009 9:13:54 AM

Dnomyar

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Joined: 6/27/2005
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Not true here miss. This country is full of Foreign executives that do just that.

(in reply to missturbation)

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