Jack & Jill Politics

And it will be paid in bonuses to the genius SOBs who ran Wall Street into the ground and required it to be “bailed out” by our tax dollars.  This is pissing me off.  Via the Washington Post:

U.S. banks getting more than $163 billion from the Treasury Department for new lending are on pace to pay more than half of that sum to their shareholders, with government permission, over the next three years.

The government said it was giving banks more money so they could make more loans. Dollars paid to shareholders don’t serve that purpose, but Treasury officials say that suspending quarterly dividend payments would have deterred banks from participating in the voluntary program.

Critics, including economists and members of Congress, question why banks should get government money if they already have enough money to pay dividends — or conversely, why banks that need government money are still spending so much on dividends.

That’s what I’d like to know.  The CBC Monitor flunked a whole lot of CBC members for voting in favor of the Banking Bailout Legislation… PRECISELY because we sensed that Hank Paulson was coming hat in hand to Congress to make sure his Wall Street buddies continue to be fat paid for their blithering incompetence.

But, then again, should we have expected anything different from a Treasury Secretary whose last job was being CEO of the one bank left standing after the dust cleared…GOLDMAN SACHS?

Color me undone…and when Obama takes the oath of office on January 20, 2009 – let’s hope by February 1st, the brotha has called a meeting to clean this shyt up…