Much has been written about the original bailout of the financial industry. Banks loaned money to marginal borrowers through programs that were destined to result in default. The government then handed out billions of dollars that the banks have used without oversight. It is interesting to see one example of how that money is being used.

Some individuals who offered loan programs that contributed directly to the banking collapse are now reaping rewards from their previous actions. The link below is to a story from the NY Times which shows how some executives from Countrywide are now profiting from their previous actions. It's worth your time to read the story, and, as always, I welcome your feedback.

http://www.nytimes.com/2009/03/04/business/04penny.html?ref=todayspaper