by Deb Cupples | Back in the fall of 2008, many of us bloggers were outraged over the then-proposed, basically strings-free bank bailouts because many of us saw where our tax dollars would ultimately go: toward giving mammoth rewards (bonuses) to the very same people who at-best-recklessly drove our nation's financial system (and economy) into a ditch.
Here we are, a year and a few months later -- and our unemployment rate is still at 10%; interest rates on CDs are pathetic (here in North Florida, Wachovia offered my mother a whopping 0.4% to roll over a high-five-figure CD for a full 23 months); and bank executives and managers are still persuading their boards to give them huge compensation packages.
Jon Stewart has an interesting summary of the state of things:
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Clusterf#@k to the Poor House - Wall Street Bonuses | ||||
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