Un-freakin-believable… AP News reported a bit earlier today that Wells Fargo, who “received $25 billion in taxpayer bailout money,” was “planning a series of corporate junkets to Las Vegas casinos this month.”
The company had planned a posh outing for its top mortgage writers to kick off this week at the Wynn Las Vegas. The conference is a Wells Fargo tradition.
Needless to say, the AP News report immediately created an outcry about the Wells Fargo plan to party on Taxpayer’s Money and AP reports Wells Fargo is now reconsidering. These corporate ho’s just don’t get it. They have squandered millions, no billions of dollars, they have patted themselves on the back and given themselves big ass bonuses that hundreds or perhaps thousands of people could live on in one year, and then after getting bailed out by us for blowing big wads of $$$, they want to run off to Vegas to party.
I’m tired of seeing these bunglers on Wall Street partying and have a grand time instead of using their bailouts to revive lending. It’s going to be a tough climb to get out of this recession and everyone needs to do their part, including those corporate ho’s who helped get us into this mess in the first place.