Rovingpatrol's Blog

Banks On Bailout: Money,What Money?

Posted in politics by roving on December 22, 2008

money-stacklrg1 foxnews —  It’s something any bank would demand to know before handing out a loan: Where’s the money going?

But after receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they either can’t track exactly how they’re spending the money or they simply refuse to discuss it.

“We’ve lent some of it. We’ve not lent some of it. We’ve not given any accounting of, ‘Here’s how we’re doing it,”‘ said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. “We have not disclosed that to the public. We’re declining to.”

This is some kind of sick joke right? Looks like we the taxpayer are going to be getting shafted yet again. This is why instead of giving all that money to the banks they should of given it to the taxpayer to spend. It would have been cheaper and the economy would have taken right off. I have seen figures from $28,000 and up for each and every American taxpayer that bailout money would have equaled to.

What is it with Washington giving us the crumbs all the time? Its OUR money damn it. They continually treat us like we are stupid and not worthy and frankly I’m getting a little pissed about that. Meanwhile our trusty lawmakers seem fit to give themselves a raise.  Why? They did nothing to earn it.

“Some banks said they simply didn’t know where the money was going.” How do these banks even stay in business? Oh wait, they have us to give them free money.

“We’re choosing not to disclose that,” said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion. Just who in the hell do these people think they are?

This is partly our fault. We Americans continually keep re-electing the same people over and over. When will WE open our eyes?

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2 Responses

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  1. gayle said, on December 22, 2008 at 6:09 am

    There should have been accountiabilty written into the loan prgram
    Today the headines are about they are keeping the coporate jets In this economy that should be the first thing to go

  2. rovingpatrol said, on December 22, 2008 at 12:48 pm

    They were desperate to “save” the economy and didn’t have time to really think about it. Now we pay


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