Wonder Where The Money Went?

[unapatriciated]

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011602602.html?nav=rss_email%2Fcomponents
Bailed-Out Firms Have Tax Havens, GAO Finds
Bank of America is among the companies being bailed by U.S. taxpayers out while having subsidiaries where they can avoid paying U.S. taxes. (By Damian Dovarganes -- Associated Press)

Most of America's largest publicly traded corporations -- including several that are receiving billions of dollars from U.S. taxpayers to finance their recovery -- have set up offshore operations that could help them avoid paying U.S. taxes on their profits, a government study released yesterday found.
American International Group, Bank of America, Citigroup and Morgan Stanley are among the companies that are getting bailed out by U.S. taxpayers while having subsidiaries in locations where they can avoid paying U.S. taxes, according to the Government Accountability Office.


They get their money for nothing and we pay for their kicks
http://www.youtube.com/watch?v=aNaKWXqXkhw

[snappyturtle]

1. Sickening. I don't see how any of the bailout has helped the average person nor

do I see the new bailout doing much. We're feeding the monsters that got us into this financial black hole.imho

[CrispyQ]

2. If we don't rein in the corporate behemoth, it's going to be our demise.

The unending quest for profit at the expense of everything else is taking us down a vortex.