Flyer reader sends links describing bailout "loopholes"

We're being robbed!

There are at least 3 loopholes in the bailout, and possibly 4:

1. It allows management to use the bailout money to pay dividends to stockholders.


2. It allows management to use bailout money to make huge payouts (including bonuses) to staff.


3. It allows management to squander bailout money on traditional executive perks.


4. According to a certain presidential candidate, it enables the government to buy up otherwise unsellable mortgages at face-value prices to renegotiate terms with distressed borrowers.
   

Here are 3 articles -- one for each of the first 3 potential giveaways so far arranged for by the "anti-socialists."

This Bailout Doesn’t Pay Dividends by David S. Scharfstein and Jeremy C. Stein, New York Times

Wall Street banks in $70bn staff payout

Pay and bonus deals equivalent to 10% of US government bail-out package by Simon Bowers, UK Guardian.

After W., Le Deluge by Maureen Dowd, New York Times Op-Ed

I'd be grateful for references to any arguments that refute any of the 4 claims.