Somebody is having a Merry Christmas!
And a Happy New Year!
The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.
That amount, spread among the 600 highest paid bank executives, would cover the bailout money given to 53 of the banks that have shared the $188 billion that Washington has doled out in rescue packages so far.
And a little bitching about the car industry bailout. Yes, all those jobs are mighty important. But isn't my husband's job equally important? Don't we have to eat? Were is the bailout for the construction industry? Or small business owners? Or restaurant owners? Or airline employees? Or Best Buy employees? Or 3M employees? What about us?