Monday, February 2, 2009

"Don't you kids make me come back there...."

As kids, we always seemed to know when our parents' were making statements that they weren't going to carry through with. You know what I mean. Those kind of warnings from the front seat of a moving vehicle, such as, "don't make me come back there," or "the next time, I swear, I am going to pull over." Kids know when adults are just "full of hot air," and don't have the strength or means with which to carry through with their statements. That is the same way that I perceive US Bank CEOs as feeling when they read the headline in today's Huffington Post, that - "Bailed Out Bankers are to be Hauled Before Congress." Ooooh, those CEOs must be shaking (NOT!).

According to the article, the CEOs are going to be called before Congress to explain just how the bail out funds have been used.  Bank of America sponsored a huge Super Bowl event, while Morgan Stanley, the company that took $10 billion in taxpayer bailout money, held a three-day conference for clients at the Breakers, a five-star oceanfront resort in Palm Beach, Florida. Here is a video clip from CNN of the Bank of America details:


It kind of reminds me of a guy who is going in for a triple bypass, and has a steak dinner with a baked potato and sour cream the night before surgery. The only difference is, in this case, is that the taxpayers are paying for the surgery and the high cholesterol meal. But don't worry, Congress is going to be giving those bank CEOs a good talking to.

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