EVEN MORE: Welfare Executives at the Trough Part II

It sure just blows me away really. These are the same people who 15 years ago were calling welfare recipients parasites, leeches, bloodsucking lazy slobs etc.

Well, when I opened my newsreader today here's what I saw:

http://money.aol.com/investing/adding-insult-to-injury?icid=100214839x1211881220x1200729240

As if the economic recession wasn't hard enough on Americans, seeing the government spend billions to bail out Wall Street has made it all even harder for the average person to take. Yes, we all want to avoid global financial collapse. But Bloggingstocks writers have noted many cases where the way the government bailout of Wall Street is playing out seems to be adding insult to injury.

Here are eight recent examples:

Next: Big Wall Street Bonuses

Wall Streeters Can Still Expect Big Bonuses

When the government agreed to bail out Wall Street, the goal was to provide funds to shore up banks' capital bases so they would start lending again. It wasn't to help them fund the bonus pool. But estimates run that as much as $70 billion will get paid out in bonuses to Wall Streeters this year. That amount equals 10% of the $700 billion bailout.

More on Wall Street bonuses

Next: A Goldman Hotshot Doles Out the Money

A Goldman Hotshot Doles Out the Money

Neel Kashkari, a 35-year-old former Goldman Sachs whiz kid who believes in free markets, is getting the job at the Treasury Department of dispersing the government's $700 billion rescue. Is he really the right person for the job? Lots of observers have wondered if a seasoned vet with a little more political experience might be a better fit for the task at hand.

More on Kashkari

Next: How Is AIG Spending Its $123 Billion?

How Is AIG Spending Its $123 Billion?

AIG sent salespeople on a lavish luxury retreat at the same time it was getting billions in government aid. The retreat at the St. Regis resort in Monarch Beach, Calif., cost AIG $440,000 and came right after it received a $123 billion line of credit. Even worse, it planned another lavish retreat soon after. But when the press caught wind of that one, it was soon cancelled.

More on AIG's big spend
Next: For Lehman Ex-Bankers, Isn't Getting to Keep Their Jobs Bonus Enough?

Isn't Getting to Keep Their Jobs Bonus Enough?

Some of Lehman's top executives got signing bonuses to stay at the banks that acquired their divisions in bankruptcy proceedings. The Financial Times reported that Nomura, which bought Lehman's European and Asian divisions, gave bankers cash equal to last year's bonus if they agreed to stay at Nomura for a year, for example. Given massive firings on Wall Street, were those pay-outs really necessary?
More on signing bonuses
Next: Most CEOs of Failed Financial Firms Still Get to Keep Their Millions

Most Failed CEOs Still Get to Keep Their Millions

2008 has been a year of watching CEOs at failing financial firms get fired -- but with a few million to soften the blow. The compensation they enjoyed was at least theoretically tied to profits earned while they were running the show, but the profits have vanished by now. Most will get to keep their money, although AIG's former CEO may not.

More on the Witherspoon Cap

Next: They Want Our Pity?

They Want Our Pity?

Lehman Brothers' ex-CEO Richard Fuld seemed to want pity when testifying before Congress and spoke about how he lies awake at night wondering why his investment bank was the only one not bailed out by the government. Former Federal Reserve Chairman Alan Greenspan wasn't much better when he told Congress, "I made a mistake," when he reasoned that Wall Street could police itself.
More on plans to help struggling homeowners
Next: Aren't Banks Supposed to Use the Bailout Money to Keep the Economy Humming?

Shouldn't Banks Use the Money to Help the Economy?

Nope. It turns out that banks can use the money however they want. Banks that are getting government bailout money are contemplating using it for other things -- like buying other banks -- not adding it to the lending pool so they can make more loans and end the credit squeeze. Next up, insurance and car companies may get to tap into the funds.
Next: Lawyers Are Big Winners in All This?

Lawyers Are Big Winners in All This?

Wall Street law firms are getting a bonanza of billable hours from the government bailout. Not only are they representing firms in contract negotiations that come as part of the bank bailout, but they are also helping firms that are now in trouble with regulators. There are few sectors that are making hay from this crisis, but law firms that represent investment banks are one of them.

Now here's the letter I wrote to several papers griping about this several weeks ago:

Consider this, if you get food stamps and use them for purchasing alcohol, tobacco, drugs or any other non approved food items there is a good chance that you will be found out and when you are you WILL be charged with the crime known as WELFARE FRAUD.
Do we allow these Welfare Executives at AIG to keep up this bad behavior? This is the second instance of these bums living off our dime, a dime that is getting harder to come by, and squandering the money on frivolous things like horseback riding and getting their toenails cut at a high dollar salon while the rest of us can scarcely afford the milk and eggs it takes to bake a cake. Let'em eat cake? INDEED!

Apparantly these Welfare Executives have some kind of problem. Our lack of correction for this behavior will only make us enablers to it and they will never be cured of their dependency on government assistance. Get these bums off the public dole and treat them like you would a single mother who did something like this.

We've got to do SOMETHING about this mess. If I mismanage my finances and go broke, I just go broke. OK, so these millionaires want to keep their millionaire lifestyle. Well, my business is doing horribly due to the crash, OH WON'T THE GOVERNMENT GIVE ME $50K TO KEEP UP MY MIDDLECLASS LIFESTYLE??? HAHAHAHA Fat Chance!!!