Former Merrill Lynch executive Peter Kraus received a $25 million dollar payout from TARP funds after working at the firm for only 3 months.
He also bought an apartment on New York's Park Avenue for $37 million. This is how taxpayer money is being spent--a bailout for the super rich.
Link source:
http://www.dailykos.com/story/2008/12/30/85952/148/913/678437
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