Tuesday, October 7, 2008

Financial Woes Not Cured by Bailout

Oct. 7, 2008
Well, the Congress fix all of 700 + Billion did little to cure the Stock Market scare as the DOW keeps falling. Now it is a global fall as Markets all over the world decline each day. And yet, the gluttony continues even after a rescue. As I said earlier, these people have learned no lessons.

Case in point: Today AIG executives were answering to Congress about their 80 Billion loan from the US citizen. See, after the relief was granted, the executives took off on a luxury vacation at a plush resort in California, where they proceeded to party the weekend away. Incurring a million dollar bill in the end. From their spa useage to their emptied room bars, how do they explain their vagrancy! Here we save them, and they continue their hypocritical ways!

What did Congress expect? I can tell you that this is just the first of many to come! And until there is true accountability from the top people in what is left of the functioning companies, then another bailout will be looming from behind their Gucci Suits!

1 comment:

Anonymous said...

Did you also hear of the 90 Billion in retirement losses? This is lunacy!!!