Originally Posted by Redrob

The Great American Money Grab......

According to this mornings newspaper:

AP study finds $1.6B went to bailed-out bank execs
By FRANK BASS and RITA BEAMISH

Associated Press Writers


Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.

The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.

That amount, spread among the 600 highest paid bank executives, would cover the bailout money given to 53 of the banks that have shared the $188 billion that Washington has doled out in rescue packages so far.

http://www.statesman.com/news/conten..._Bailouts.html