Friday, February 6, 2009

Bank CEOs receiving TARP funds had spent corporate funds on prostitutes

Some bank CEOs, who are receiving tax payer bailouts, had previously demonstrated their fiduciary irresponsibility not only by advancing bad loans, but by using corporate credit cards to pay for prostitutes :

Wall street lawyers, investment bankers, CEOs and media executives often used corporate credit cards to pay for $2,000 an hour prostitutes, according to the madam who ran one of New York's biggest and most expensive escort services until it was busted last year.

Most of the posters over on the ABC website seem rather annoyed by this. However, there's a purported Libertarian post, asserting that only laws make a lawless society, the jails would be empty...:

Another reminder that criminalizing certain forms of sexual contact, like criminalizing recreational drug use and gambling, spawns real criminality. End the idiotic, useless and hypocritical laws against prostitution, drugs and gambling and you put an end to much of the sort of activity that this article exposes.


  1. Don't think that is the type of stimulation that was intended.

    We're just going to see more of this if Porkulus is passed.

  2. I suspect that ABC only ran this story to promote the Democrats' desire to limit all CEO pay, not just TARP CEOs , versus to undermine the tax payer socialist bailout.

  3. Almost every story in the msm right now promotes the socialist state as the solution to our economic woes.

    These idiots fail to recognize that throwing money at any problem doesn't solve that problem.