Tax Payers Dollars At Work
Should I ruin your day. Should I not tell you what the banks did with some of the US Taxpayers bailout money?
Well you are entitled to know. One bank which received approx $1.6 billion of the government’s bailout money or TARP sponsored a lavish series of events in LA last week. Then there is Northern Trust wasted an undisclosed amount of money sponsoring a PGA tournament and other client events, including concerts, dinners and parties. Tax payers dollars went for Sheryl Crow and Earth Wind & Fire, a private party at music venue House of Blues and gift bags from Tiffany & Co. How about the money that was wasted on the drinks and the food.
Are you sick yet? I am.
Want to get more sick…
Northern Trust announced it was laying off 450 employees. They stated the reason was part of a number of steps “to better position the company for improved profitability and continued global growth during these difficult economic conditions”
What do you think?
How about a wake up call