Keyword: Corporate Bailouts

Bailed Out Bankers Luxuriate at Taxpayers Expense! Email Print

Taxpayers are being forced to fund luxury vacations at luxurious resorts because of the betrayal by Congress.

How did this happen?  When Bush and the Republican congressional majority rushed through the $700 billion plus bank bailout it failed to apply caps on bankers, business bonuses, and other restrictions.

The same neglect of placing restrictions on bonuses and luxury vacation travel happened when Obama and the Democratic majority rushed through at lightning speed the second $700 billion plus bailout package.

These failed bankers and business executives who had brought about the economic collapse failed to recognize only corporate welfare at taxpayer expense was making it possible for them to have any job at all.

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