Monday, January 12, 2009

Bank Bailout

I know this news is a little old about how AIG Bank is spending their bailout money, but still it really irks me to this day when I first found out about it. I've been so busy with the holiday season and being sick that I haven't really had that much time to write.

The Federal government decided to throw the ailing banks a bone and gave them a huge bailout. It seems afterward with relief that they will still have a job some executives went to spas to relax and pat themselves on the back.

I just couldn't believe the hypocrisy, they come into Washington practically begging for help and when they get help they kick back and act like everything is going to be alright. AIG announced that they were not going to give out bonuses this year, but then they give out money to executives anyways. I'm just so fed up with politics and the economy.

Another financial institution that is hurting is GE Money Bank.