The whole idea of "bail-out" for banks and other businesses is just ludicrous in the first place, but when the Government is Giving Out FREE MONEY, well, it is like the line at Denny's today, where people are getting their Free Grand Slam breakfasts...
They didn't even put restrictions or requirements on that Bail-Out money, for the most part - at least not until the second round of hand-outs...so they (the Banks) keep spending and doing "business as usual", which is what got us all into this trouble in the first place.
CEOs are still getting incredible salaries and bonuses...bonuses for driving their companies into the ground (and taking the economy with them)...
So I read the following article where Wells Fargo is spending part of that Bail-Out money, NOT on bailing out their financial troubles (because I guess they don't have any financial troubles...so why did they need the bail-out money???) but instead they are going out and partying on our tax money...
12 nights at the Wynn and Encore hotels in Las Vegas.
They claim it is "tradition" and that it is important. Well, hell, it is tradition that I take my family on a vacation every summer...but with the economy the way it is, I need a bail-out so I can still take my family out...
Why are we OK with this?
Why does the average joe have to tighten his belt and forgo many of the things he wants or needs just to make ends meet...but when it comes to business (the businesses that helped create this credit crisis and financial turmoil) can still spend like its not their money (oh wait...it isn't their money...its OUR money...)???
Wells Fargo has also spend large amounts of money on:
Horseback riding in Puerto Rico
A private Jimmy Buffet performance in the Bahamas
and at the end of the month, they will be at the Mandalay Bay Hotel in Las Vegas.
I want my FREE RIDE, I want my 25 billion in bail out money...I want my 12 FREE - TAX PAYER PAID nights in Las Vegas...
Bailed-out banking giant plans Vegas casino junkets
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