Why can't I hear any screaming?


The last couple of graphs of Maureen Dowd's otherwise whiney, snarky, cheap-shot-as-usual column today, she changes gears and raises some really good points:

Companies that have gotten bailouts continue to make a mockery of taxpayers.

Until it came to light Tuesday, Wells Fargo, which received $25 billion in federal funds, was blithely planning a series of “employee recognition outings” to Las Vegas luxury hotels this month.

As ABC reported, Bank of America took its $45 billion in bailout funds and sponsored a five-day carnival outside the Super Bowl stadium, and Morgan Stanley took its $10 billion in bailout money and held a three-day conference at the Breakers in Palm Beach. (Morgan Stanley had also still planned to send top employees to Monte Carlo and the Bahamas, events just canceled.)

The New York Post revealed that Sandy Weill, former chief executive of Citigroup, took a company jet to fly his family for a Christmas holiday to a $12,000-a-night luxury resort in San José del Cabo, Mexico. No matter that the company just got a $50 billion federal bailout and laid off 53,000 worldwide.

The interior of the 18-seat jet, as described by The Post, is posh, with a full bar, fine-wine selection, $13,000 carpets, Baccarat crystal glasses, Cristofle sterling silver flatware and — my personal favorite — pillows made from Hermès scarves.

Aux barricades!


Doug Richardson February 4, 2009 - 8:17am
( categories: Miscellany )

& that's just the american way

Zuma February 4, 2009 - 9:20am

after all, this outrage is nearly universal, since its our money and we all had a full-court view of the filthy lucre being given specifically by Paulson to "save the US economyin crisis from collapsing by the bailout".

It was not not just some invisible taxes that we never get to watch.....

but that usually passes and she reverts to the snark...


I feel the American worker has been sacrificed to the capitalist idols in the ancient Mayan fashion. - Sue Lamb, NYT reader

nymole February 4, 2009 - 10:29am

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.