Banker Bonus Bailout
“It would be an affront to taxpayers and shareholders alike if Wall Street executives cashed in on the bailout. We must prevent bailout funds from being diverted directly or indirectly to bonuses and exorbitant compensation packages,” - Congressman Dennis Kucinich.
Apparently actually checking to see that a $700billion, budget busting, bonehead bribing, banker bailout is spent the way it was intended to be spent is something to be concerned with after the money gets handed out.
Today he released a letter sent to Congressman Henry Waxman, Chairman of the Committee on Oversight and Government Reform, asking that the Full Committee move quickly to investigate how bailout funds are being spent by the financial service companies participating in Treasury’s capital purchase program.
I believe that the American taxpayers who have provided this subsidy have legitimate concerns about how those companies will use those funds, what happened to require them to need those funds, and what they will be doing differently in the future to ensure that they will not need more assistance," wrote Kucinich in the letter.
What a novel f*ck'n idea.
The full text of the letter.