Sunday, January 25, 2009

President Barack Obama bashes financial giants for squandering bailout funds; vows crackdown

Rush was right, we need Obama to fail and fail big, otherwise we might see a little more accountability, and we sure as hell don't need that.



President Barack Obama bashes financial giants for squandering bailout funds; vows crackdown: "President Obama pushed for more aggressive monitoring of the Wall Street bailout Friday - and he put corporate swashbucklers on notice he'll crack down on their lavish extravagances.
Obama was teed off after hearing reports of companies receiving taxpayer cash, 'then going out and renovating bathrooms or offices.'
He vented over a 'lack of accountability and transparency in how we are managing some of these programs to stabilize the financial system.'
One of Wall Street's biggest power players, Merrill Lynch CEO John Thain, was abruptly ousted Thursday after it became known he had spent $1 million to decorate his office - including a $1,405 trash can."

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