Banksters acting like banksters

RGE - Why Wall Street Reform is Stuck in Reverse

Wall Street and the Treasury want us to believe that the TARP money will be repaid to taxpayers, but Neil Barofsky, the special inspector general keeping watch over TARP, said yesterday that just 17 percent of the TARP money has been repaid, and “[i]t’s extremely unlikely that taxpayers will see a full return on their investment." Later he told a reporter that it's unlikely "we'll get a lot of our money back at all."

Brian Griffiths, the Goldman international adviser who told us inequality is good for us, doesn't know what he's talking about. America is lurching toward inequality once again, led by the financial industry. The Street is back to where it was in 2007, but most of the rest of us are poorer than we were then -- largely due to the meltdown that occurred because Wall Street overreached. The oddity is that we bailed out the Street, including Griffiths and his colleagues, but apparently won't even be repaid. And now that Griffiths et al knows his firm and the other big ones on the Street are too big to fail, he and his colleagues will make even bigger gambles in the future with our money.

Imagine my shock that the folks that created the clusterfuck are not only walking away from it with bonuses funded by our tax dollars but are telling us that we have to like it.
And before anyone says that the government is clawing back that money, that only applies to a very few companies and anyone that has paid back their TARP money doesn't have to worry about it. Goldman Sachs paid the money they borrowed back in July. Personally I would like to see 1/2 of the bonus pool come back as well.