I am not surprised…

By XeroCube | January 22, 2009

How many of you have found yourself reading the newspaper (people still do this?) or your news website of choice and run across an article that just doesn’t surprise you one bit, no matter how atrocious it may be? Now, I’ll admit, there are news stories worse than the one I am about to mention, but this one just got to me.

Let me give you a snippet from the article:

75% Of Latest Bank Of America Bailout Used To Pay Merrill Lynch Bonuses

Yes, well, you probably thought that that cash would be used to bolster the bank’s capital or something. (We know you weren’t dumb enough to think it might have been used to make loans).

Alas, it wasn’t used for that. It was used to pay Merrill Lynch executives the huge bonuses they deserved for unloading their balance sheet on for-some-reason-not-yet-fired Bank of America CEO Ken Lewis.

This aggravates me to no end, as it embodies the fleecing of America to the utmost. I have no solutions… just venting…

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