Bailed-out execs used jets for holidays

Courtesy MSNBC.com: Business  Fri, 06/19/2009 - 04:38

 So what are the banks doing with the billions of taxpayer bailout money?<br /><br />Bank of America hosted a five-day “NFL Experience” outside the Super Bowl. And Morgan Stanley, who reportedly got $10 billion, held a lavish retreat at a five-star hotel in Florida.<br /><br />Where’s the oversight? Rachel Maddow is joined by Sen. Clair McCaskill. (MSNBC)Chief executives of some banks that received federal money, including Bank of America Corp. and Morgan Stanley, used company jets for their personal use, the Wall Street Journal reported Friday.



 

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