Monday, February 2, 2009

That Was $45B Well Spent by the Feds

Bread and Circuses for a Bailed-out Bank

Sharpshooting corporate excess might be a intellectually lazy endeavor, but it should piss you the fuck off if they got bailed out! ABC has the dirt on Bank of America, who received $45B in bailout funds, but decided to spend an obscene amount on some meathead monument at the Super Bowl:
The bank refused to tell ABC News how much it is spending as an NFL corporate sponsor, but insiders have put the figure at close to $10 million. The NFL Experience was on top of that and was inked last summer, according to the bank.

The NFL said it was a "multi-million dollar" event and that it was also spending money to put on the event. A Super Bowl insider said the tents alone cost over $800,000.
No surprise considering most of the bailout money was unaccountable in the first place. Does anyone still think Bush's TARP scam was a good idea?

No comments:

Post a Comment