$2.7 billion in TARP money went to British Rum maker

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Yep. We taxpayers now have "a little Captain in all of us." Too bad it's because our tax dollars went to the rum distiller who makes Captain Morgan rum.Via Crooks and Liars we get the not surprising news that the $750 billion we shelled out in TARP to save American banks ended up lining the pockets of just about everyone else except our troubled financial institutions.With that much free money floating around, it was bound to happen. Any idiot could have predicted it - which makes Paulson, Bush, Geithner, and Obama certifiable loons if they didn't see this coming.Ryan Donmoyer of Bloomberg has the incredible details:In June 2008, U.S. Virgin Islands Governor John deJongh Jr. agreed to give London-based Diageo Plc billions of dollars in tax incentives to move its production of Captain Morgan rum from one U.S. island -- Puerto Rico -- to another, namely St. Croix. DeJongh says he had no idea his deal would help make the world's largest liquor distiller the most...(Read Full Post)

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