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Taxpayer Funded Private Party at the House of Blues Cost One Hundred Grand
Good Morning Gentle Readers,
Leaving aside questions of politics, morality, and economics, this is EXACTLY why the government has no business bailing out banks (or anyone else) with money hijacked from the taxpayers under the threat of jail time for non-payment.
The entertainment Web site TMZ broke the story Tuesday that Northern
Trust of Chicago, which got $1.5 billion in bailout money and then laid
off 450 workers, flew hundreds of clients and employees to Los Angeles
last week and treated them to four days of posh hotel rooms, salmon and
filet mignon dinners, music concerts, a PGA golf tournament at the
Riviera Country Club with Mercedes shuttle rides and Tiffany swag bags.
Aside from that there was the private party at the House of Blues with Sheryl Crow, plus the Chicago and Earth, Wind, & Fire concerts.
And don't think this is just a question of proper oversight. It isn't. This behavior is as predictable as it is appalling.