Another bailout - I thought they said enough was enough...

[vision63]

guitarist wrote:
Hey, don't get me wrong, I liked your prescription. I was just calling it what it is. I've been known to use TV shows like Baretta to make important philosophical points, too, though lately I get more mileage out of Dick Van Dyke one-liners. Words like fat cat and cabal are especially convincing, too, along with the rest of the impassioned populist rhetoric. Dang man, ask anyone here, your lectures aren't nearly as punishingly long and righteous as mine are. Count me in! I support inspired stump speeches!

Indeed!

I liked the list too BCam.

[JoeH]

I like the list too. Now vigilante justice would be tar and feathers and riding them out of town on a rail. I'll provide the rail...

[Bill in NC]

Good luck with #3 - that's what they're trying to do to the former heads of Fannie & Freddie.

Since those are in their contracts, however, they will sue and ultimately settle for their package minus a token sum.

BCam wrote:
Well, since I now own most of Wall Street, I propose the following:

1. Any Financial entity that enjoys my "investment" will agree that all executives (from Manager level on up) will keep their jobs, but will work for Minimum Wage until every dime I invest in their operations is repaid, plus interest.

2. If those executives leave their present positions, a Lean will be placed on them (based on Gross Income) until the above noted situation is resolved.

3. All "Golden Parachute" or Retirement/Release contracts with executives are immediately null and void.

4. No executive, or member of their families, may personally participate in any form of Wall Street money or market activity because it is obviously a conflict of interest situation vis-a-vis their relationship with their "investors", i.e. Me. Essentially this will prevent "insider trading".

5. Every executive will provide 20 hours per week of Community Services until every dime is repaid, plus interest. This will aid Wall Street understand the actual lifestyle of Main Street.

6. Every executive will sign a Pledge that they will do everything possible to eliminate the present business practice of Privatizing Profits while Socializing Debt. If they choose to not sign this Pledge, they will immediately forfeit all of their and their family's personal assets.

7. This time - it's personal. Those who have created this financial crisis will, for once, be responsible for their actions.

[SteveO]

What BCam said. ALL of what BCam said.

I cannot believe that these robber barons are getting AWAY with this! Can you???????? Shiat, call your congress lizards and JUST SAY NO to the massive bailout!

Oh, btw, revenues are down this year in my ad biz, so I'd like a taxpayer bailout. Also, my fiancée needs her student loans paid off. I'm sure helping me and millions of other Americans like me to the tune of trillions will be no problem as it is necessary to "steady the markets."

[kap]

I like your list too but realistically none of it could be put in practice simply because those CEOs are good friends of Congress and vice versa.

[maco]

We need Regulation. Forget this deregulation BS.

We see what deregulation brought us here.
We saw how deregulation brought us the Enron rip-off.