Yes, that's true, we allowed our governments to give billions of dollars to companies that went bankrupt, and still paid bonuses to their executives.
I don't know why we allow this sort of thing. Maybe we should start a protest movement...
That is just a drop in the ocean compared to what would be saved if every one carrying over debt on their credit cards tore them. While the bailout money is criminal to some degree, it was just another way of distributing welfare+ by keeping employees working at their jobs. I'll bet 10%-15% of that money went back to the Gov't. as taxes. I agree with screwing the C.E.O.s but it's important to keep the work force in tact. After all they actually were building cars. Look at it as a Gov't investment.