banking

Bailout kickbacks and corruption begins

Well, it sure didn't take long for the corruption to begin in the process of bailing out Wall Street.

Wackovia bank is using FDIC taxpayer money to loan the National Republican Congressional Committee $8 million to help out in the last lap of the election. And nevermind that Wackovia has cut lending to everyone else, more than 1,000 colleges, in fact.

I would bet this isn't the last we'll hear about kickbacks and corruption regarding this ill-conceived bailout for the wealthy.

Hap tip to Facing South.