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.
