Let's see, we've got AIG giving $25 million a year to the Manchester United soccer team. This gets them the letters "AIG" on the front of their jerseys. The "Executive" meetings in Ireland and the spa in California. Then we've got CITI, who gives $20 Million a year to the Mets to hang a sign outside their ballfield. Figure around 80 home games a year makes that out to be $250,000 a game. And they don't intend on cancelling the contract. Our congressional leaders think it's perfectly appropriate to hand over $25 billion with no justification, and then not even be allowed to question where it went? Or even get some oversite of the books?
Things like sports deals were signed before the meltdown that they did not see coming. They are legally bound to fulfill those contracts.
So were the people that bought homes they couldn't afford and overextended themselves with credit.... But that didn't stop the gummint from saying they shouldn't have to fulfill their obligations because it "wasn't fair" and they "were in trouble".
it's what i call 'novacain fascism'. they've gotten really good at taking what they want, as painlessly as possible (at least at the moment it's taken) governemnt violence inspires resistance peopel think as long as there arnt jack boots in the streets, with swasticas on the armbands, they're safe from fascism but still, 700 billion stolen, against a 99 percent objection
It's called a budget report. And yes, unless you wanted the rich man Potter to move out, you would definitely make sure you provide proper accounting of the tax dollars.