1.6 billions to the Bank Execs in 2007 and we still do not know how much money the bank CEOs will get for their wonderful job of destroy the economy and their reluctance to revive it by lending the money out, which they got from the government.
If after next January, the bank CEO's 2008 compensation and how the banks used the bailout money still cannot be revealed, by then the president Obama will have a lot to do to prove his changes are really that we can believe in and he will have a hard time to get his second term.
On the other hand, will the bank execs fly back from their holiday vacations and start to cook the books?
Wolf Richter: How Much Money Laundering is Going On in the Housing Market? A Lot - Treasury is starting to get serious about money laundering in high end residential real estate.
2 hours ago