You Know the Banks Have Fucked Up With the Government Bailout...

...when even a celebrity gossip site like TMZ.com is devoting a post to this. TMZ has exposed how Northern Trust spent $1.6 billion in government bailout money on all sorts of stuff like a fabulous cocktail party at the Lowes Santa Monica Beach Hotel and a special clients and employees-only concert performed by Chicago.

This went on despite the fact that Northern Trust laid off 450 workers (4 percent of its workforce) last December.

And people have been getting outraged over Nadya Suleman giving birth to octuplets even though she's unemployed, collecting disability payments, living with her parents, and is already the mother of six other children. While it's possible that Nadya Suleman may be gaming the system and getting access to California taxpayers' money that she has no right to get, the money she has earned is nothing compared with how Northern Trust has squandered a whopping $1.6 billion in taxpayers' money. And Northern Trust is not the only institution who have misused bailout money like that. Personally I think people should focus their anger on the banks and Wall Street firms who are spending taxpayers' money on expensive vacations, luxury goods, and buying out smaller banks instead of Nadya Suleman.

The Mayor of Lansing, Michigan Rips Fox News a New Asshole

This clip is awesome. It features Lansing Mayor Virg Bernero go off on a clueless Fox News reporter. Mayor Bernero has made a lot of great points regarding the plight of the American workers these days and the double standard that much of the conservative media and Republican politicians regarding how it's important to bail out Wall Street and let those executives spend taxpayer dollars as they see fit and why the automakers don't deserve even a similar bailout that would be more regulated than what Wall Street got.