NEW YORK (Reuters) â As 2009 came to a close, Fifth Third Bancorp (FITB.O) was preparing to report its sixth loss in seven quarters. The Cincinnati-based regional bank had received $3.4 billion of TARP funds with no immediate plan to repay. And its Midwestern market was still struggling with a shrunken auto sector and high mortgage foreclosure rates. Nonetheless, the board of Fifth Third, the nation's 17th-biggest bank, decided to increase the compensation of Chief Executive Kevin Kabat by 56 percent, to $5.2 million -- even though the bank was barred from paying him a bonus because of the bailout rules. http://news.yahoo.com/s/nm/20100405/bs_nm/us_bank_ceos_bailout
The bailouts worked perfectly, Banks are now making billions and CEOs and employees are collecting millions in bonuses. The money is rolling in!!!