The Bailout Gift That Just Keeps On Giving
It turns out that 13 of the companies getting a gazillion dollars in bailout funds – $300 billion, actually – owe back taxes of over $220 million, a pesky detail they overlooked when asking us for all that money. Rep. John Lewis, chair of a House subcommiittee allegedly overseeing the bailout, called the revelation "shameful."
"We are going to get to the bottom of what is going on here," he said.
Our guess? Corporate greed and malfeasance, lack of appropriate governmental oversight, unregulated capitalism run amuck and criminal incompetence all around.