Cronytopia: What the World Knows -- and Americans Don't -- About the Bailout

"Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned."

"Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism."

Almost all of the "conditions" mentioned in connection with the bailout have no teeth whatsoever, no enforcement mechanism, no real penalties.

Webmaster's Commentary: 

So yet again, a bi-partisan congress, enabling an executive branch drunk on the smell of its own cork, has managed to hoodwink every American taxpayer out of approximately $5,000 to $7,000 more in taxes to shore up their already very rich buddies in the banking business.

And these execs may very well be smiling "all the way to the bank", literally. At least, for now.

However, by the time the American taxpayers really figure out how they have been fleeced again by this government, one has to wonder how these people are going to collectively channel their outrage.