In case you missed this, because of the election news. I apologize in advance for making it bold type, but I am really pissed off and want to be sure everyone sees this.
Wall Street Fat Cats Are Trying to Pocket Billions in Bailout Cash,
… nine banks about to be getting a total equity capital injection of $125 billion, courtesy of Phase I of The Bailout Plan, had reserved $108 billion during the first nine months of 2008 in order to pay for compensation and bonuses…
The country’s top investment bank (which since Sept. 21 calls itself a bank holding company), Goldman Sachs, set aside $11.4 billion during the first nine months of this year — slightly more than the firm’s $10 billion U.S. government gift — to cover bonus payments for its 443 senior partners, who are set to make about $5 million each, and other employees.
CALL your Congressperson’s office and demand to know why the taxpayer bailout money is being used for bonuses.