The no-strings-attatched US bailouts

Doesn’t this just make you boil…talk about greed, sloppy governance and corporate irresponsibility.

Goldman Sachs and Morgan Stanley are accepting a combined $20 billion in taxpayer money under the federal economic stabilization plan or the TARP. According to SEC filings, instead of helping homeowners who are or have defaulted on their mortgages, Goldman Sachs and Morgan Stanley have set aside a combined $11 billion for bonuses in the first nine months of this year. The Dow Jones responded by dropping 400 points.

Source: Wall Street: Taking Bailouts, Giving Bonuses?

Financial Firms Still Offer Year-End Bonuses Despite Receiving Government Aid