Can't say I'm surprised.
No Right Turn blogs today about a UK bank (Lloyds TSB) who recently received a huge pile of money to bail them out.....and is now attempting to translate that into a dividend for shareholders.
Under the term of the bailout agreement, they supposed to pay back the funders of the bailout first....not their shareholders.
Shameless.
Socialise the losses and privatise the....bailout cash.
How quickly they forget their very recent desperate situation.
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