Monday, September 22, 2008


Hey. Doctor Evil. Here's something for you to think about.

In 2007, Wall Street's five largest firms - Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley - paid out a record $39 billion in bonuses.

Shareholders in those firms lost over $79 billion in stock declines during that same period.

The Treasury Department wants to use $1,000,000,000.00 of your tax dollars to buy out the bad paper the surviving firms still own. This same Treasury Department is resisting efforts by House Democrats to impose pay limits on Wall Street executives and others in the financial service industry.

Your tax dollars at work. And I'll bet you don't see a dime of return.

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