We are living in a klepotocracy
Feb. 18th, 2009 11:22 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
Burger King Bailout Shocker
Goldman Sachs, where former Treasury Secretary Hank Paulson was once CEO, switched from an investment bank to a bank holding company last year so it could qualify for $10 billion in bailout funds. They then spent $6.8 billion on bonuses for their financial staff. Goldman's recklessness is one of several scandalous stories of Wall Street giants abusing the bailout at the expense of taxpayers and the economy. But in this case, Goldman's excessive spending has had an immediate and profound impact on the American work force.
Who's Keeping Burger King Workers Below the Poverty Line?
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