by Scott Creighton
You guys remember how Obama™ just read the riot act to the bankers for shelling out some $18 billion dollars of the first installment of the TARP funds in executive pay and bonuses for their highest paid officials? Remember that? It wasn’t too long ago (what was it? like Thursday or something?). Yes, it was staged and yes it was as phony as a Niger Yellow Cake Document or a rendering of a al Qaeda mountain stronghold in the mountains of Afghanistan and if you don’t know that by now, well, you’re a fucking moron.
Well, guess what?
Turns out that there may be even less restrictions on the second $350 billion dollar greedy-fucking-banker-handout package that Obama’s treasury secretary, Timothy Geithner, gets to give away (I bet Timmah! got some nice presents this year, huh?).
The administration is likely to refrain from imposing tougher restrictions on executive compensation at most firms receiving government aid but instead retain looser requirements initially included in the Treasury’s $700 billion rescue program, a source familiar with the deliberations said. Officials are concerned that harsh limits could discourage some firms from asking for aid. Washington Post
That’s right… even less restrictions on the next bailout package to the banks than were jokingly placed on the first, if that is even possible.
But what did you expect? Not only did you vote for this crap, but you dreamed about it.. danced in the street over it… prayed to Jebus for it… and turned your backs on friends who tried to warn you about this crap.
To quote Scarface (as I often do whenever possible while talking about the criminal political mob-scene we now have)… “I told you, …! No, but you wouldn’t listen, why, you stupid fuck, look at you now.”
Filed under: disaster capitalism, Economic Crisis ie. Disaster Capitalism, Fuck Obama, get to know a sellout, Globalization, Neocons = Neolibs, Obama Cabinet, Obama™ | Tagged: Barack O'Bush, Fuck Obama, Obama Cabinet, obama economic policy, Obama stimulus package, Obama™, Tim Geithner | 2 Comments »