18 October 2008

Meanwhile in Cloud Cuckoo Land

The American Taxpayer is poised to pour $700,000,000,000 or more into the country's failing banking industry but the news of the failure of the banking industry hasn't yet reached the payroll departments of said banks as somewhere around 10% of that money is going to be immediately siphoned off into the bank accounts (probably off shore) of the banks' top staff. Money well spent I'd say.

Of course before we get to high and mighty about this on my side of the Big Water we should probably note that the bonuses are still bubbling up in The City.

I think I gotta get me one of these "jobs".

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