Does anybody have any idea where all the money went?

What Country? What Company? What Individual ended up with all that money the day the music stopped?

Who benefited from the money that went to Iraq? And the money from Wall Street? Pre and post bail-out?

Anyone have a list of names?

And their year-end 'retention pay' ranging from $160k to $4 million per employee.

When we can follow the money to the exact person, it will be easier to stop the bleeding.

But the Repuglicans want to make sure that every nickle and dime given to the Auto industry in (Loans) is accounted for. Rat Bastards. Paulson won't answer even the basic questions of where tax payer money went. My guess off shore into personal bank accounts. We haven't heard any report on if the financial companies are doing better after the infusion of tax dollars.

Truthily.

Most of it ...

Investment Company A: provided loans for mortgages they knew would default. Investment Co. A, sells these mortgages to Investment Co. B for a profit. Investment Co. C sells them to Investment Co. D for a profit. Investment Co. D. is holding the mortagages when the market crash comes in, and has their asses saved by the bail-out money. That means that Co. A, B and C made money off of a poor investment; and Co. D is protected from bankruptcy because (1) The mortgage owners are going to get the brunt of the losses when they lose their homes; and (2) The taxpayer was suckered into covering the poor risk?

So, we 'wuz scammed, and in my opinion, the only thing that makes sense is to fire the CEOs from Co. A, B, C and D.

as a fee for the transaction, or commission on it, or bonuses at year-end. There WAS real cash flowing in, but it was quickly siphoned off to the people running these scams, and small bits paid out to people who chose not to "re-invest" the dividends..

These people know how greedy people think.. If the "dividend" is high enough, people CHOOSE to "let it ride", and theat leaves the "new cash" readily available to be divvied up between the perpetrators..

Most likely in some little haven where it can't be touched by the government.

people on those accounts?

Probably won't happen because I believe the guy who did this in Switzerland, wasn't he suicided?

For fucking up.

On Wall Street, Bonuses, Not Profits, Were Real
Daniel Acker/Bloomberg News


E. Stanley O’Neal, the former chief executive of Merrill Lynch, was paid $46 million in 2006, $18.5 million of it in cash.



http://www.nytimes.com/2008/12/18/business/18pay.html?_r=1&th=&adxnnl=1&emc=th&adxnnlx=1229612452-5sRGhinPCw2vGSUkj/dbVg

No fooling. When public money is involved you should have the Constitution to back you up and something is wrong when we have different approaches to compensation. It's like we have two classes of people. The CEO should be required to suffer the slings and arrows of outrageous fortune, just like his employees.

Period.

Corporate thieves. Ptooie.

He helped set America up.

Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever

Of course, it was an inside job.

Know your BFEE: Goldmine Sacked or The Best Way to Rob a Bank Is to Own One

It's not feudalism. Got slavery, yet?

And the Rat Bastard Republicans have a problem with the auto bailout?

and search: Ben Stein How Not to Ruin Your Life Even though I think he's a tool, he knows finance!

Here is the most important part
The crisis occurred (to greatly oversimplify) because the financial system allowed entities to place bets on whether or not those mortgages would ever be paid. You didn't have to own a mortgage to make the bets. These bets, called Credit Default Swaps, are complex. But in a nutshell, they allow someone to profit immensely - staggeringly - if large numbers of subprime mortgages are not paid off and go into default.


These Credit Default Swaps have been written (as insurance is written) as private contracts. There is nil government regulation of them. Who writes these policies? Banks. Investment banks. Insurance companies. They now owe the buyers of these Credit Default Swaps on junk mortgage debt trillions of dollars. It is this liability that is the bottomless pit of liability for the financial institutions of America. Here s one big part of the answer. First, the alert reader will notice that Ben Stein said many times that the amount of money at risk in the subprime meltdown was just not enough to sink an economy of this size



This is me talking, not the tool.
One of the problems was also people were set up. Their homes where overvalued and the loans they were given were bullshit to begin with.( The house wasn't worth the amount they were loaned ) so if they couldn't pay and they wanted to sell they could not come out ahead or scratch so they would lose money they didn't have and people began to default which is exactly what the bank and swap traders knew would happen-hence they made a fortune. It was one giant set up and it wo

and probably to set up "tax-free foundations" for their family members..

Living large costs a lot of money, and when one includes the extended family, it can really ad up..

so it didn't really "go" anywhere.