Yet, when the auto industry came calling, with its hundreds of thousands blue collar manufacturing jobs, the Republicans in Congress, led by AZ's own Jon Kyl, expressed outrage at the mere thought of bailouts for them.
Fast forward to today, when Andrew Cuomo, Attorney General for the State of New York, released a report on the bonus practices of bailed-out banks. (warning: the .pdf file is rather large; if you are using a dialup connection, it may take a while to download in its entirety.)
From the New York Times' article on the report -
The Wall Street millionaire club had nearly 5,000 members in 2008.Something tells me that of all the things that these "bankers and traders" might have bought with their bonuses, none of them bought even a small amount of shame.
At least 4,793 bankers and traders were paid more than $1 million in bonuses last year even as profits at the biggest banks dwindled and they accepted tens of billions of dollars of taxpayer money, according to a report released on Thursday by the New York Attorney General’s Office.
Back to AZ later...