Sunday, February 15, 2009

Schools get cuts, while banks get $700 billion bailout



Quiz: Which person gamed the system so spectacularly that the American people are paying for her (or him) to live in the house pictured above?
(a) Nadya Suleman, mother of octuplets;
(b) Bernard Madoff, builder of pyramids;
(c) Peter Kraus, ransacker of banks.

The answer is HERE.

Don't you hate it when the government gives money to the wrong people? I sure do.

Who deserves to receive our tax dollars? Correct answer: Insurance companies and banks!

Who doesn't? Correct answer: Kids!

MONEY FOR KIDS
Americans have been sending death threats to Nadya Suleman, who has such a fixation with producing offspring that she ended up with fourteen kids, all conceived by in vitro fertilization. I'm not pleased with irresponsible Nadya, but there are plenty of people who gamed the system to a much higher degree than Nadya who aren't getting death threats.

MONEY FOR BANKS
Peter Kraus earned $25 million in bonus cash for three months work at Merrill Lynch last fall. Merrill Lynch & Co. awarded $121 million to four executives just before the company was acquired by Bank of America Corp. in September of 2008. Also see Bloomberg. These executives ransacked Merrill Lynch so badly, that the Senate on January 15, 2009 to release $350 billion from the troubled asset relief programme (Tarp) agreed by Washington at the end of last year.

"The US government will take a stake in BoA in return for the aid, which is designed to absorb the losses on mortgage-related assets inherited from Merrill Lynch. The bailout makes BoA the biggest recipient of taxpayer money next to Citigroup."
--Guardian.co.uk

Nadya Suleman is clearly small potatoes. Even if she got a million dollars for raising each of her fourteen kids, she would be far behind what Peter Kraus got for raiding Merrill Lynch. I think that the fertility industry needs to be better regulated, but the bigger problem is regulating financial institutions.

2 comments:

Anonymous said...

They are all grotesque if you ask me; Sullivan just wants to make money as a “baby maker.” They are all motivated by greed and a desire to rip off the taxpayer.
Sullivan figured she didn’t have the brains to pull off scams worth trillions and billions of dollars. Instead she opted to make babies, who cares if they were born with congenital and birth defects. The more the merrier for Sullivan. Making $ 798.00 per kid X 14, plus food stamps, Medical, WIC, low income housing, and BINGO!!!!

She hit the WELFARE JACKPOT!!!!

California has thousands of welfare junkies but Sullivan takes the cake....

Anonymous said...

You lady are in serious need of medication for bipolar disorder.