Tuesday, January 15, 2013
Question Re Bank Bailout
Okay, time goes by, and the country is still struggling to recover, and as review of the bank bailout continues, I have a question. I understand that it could have been disastrous (could have been--who knows if it would have been?) to fire all the experienced top people in the biz, but what would have been wrong with putting them on probation? Maybe for the remainder of their working lives but at least for 5-10 years? Instead of giving them bonuses, at taxpayer expense, rewarding them for lining their pockets while losing investors' money. Anyone have an explanation?
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4 comments:
Good question.
What I don't Understand is why, even if a Bail Out was Necessary, why did it have to be done with no Strings Attached. Bail Out Money Used for Bonuses. Come On! That's not what the Money was For.
Oh and by the Way, I'm Blogging again, in case you are Interested.
Hey, Lista -- good to hear from you again.
My next question: When are members of Congress going to vote themselves pay cuts?
Yeh, for sure. They don't seem to realize that we are in a Crisis, do they?
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