tag:blogger.com,1999:blog-1874868376438063155.post746198099577219617..comments2023-11-05T01:55:07.265-06:00Comments on 3and4: The Bailout Plan: Welcome to Economic Shock and Awe3and4http://www.blogger.com/profile/01852518714785564488noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1874868376438063155.post-62769255909206531912008-09-25T12:50:00.000-05:002008-09-25T12:50:00.000-05:00I'm glad this is having trouble passing through th...I'm glad this is having trouble passing through the House and the Senate. The 3 sticking points they are fighting over would be worth fighting over to me: a)buyouts and bonus for top execs who got their companies in these messes in the first place, b)the oversight board in charge of all this money and how it is dished out, and c)if there ever is a profit, which there will be eventually, who gets the profit.<BR/><BR/>If my taxes are going to bail out these companies, when they sell off their assets to cover the money we lend them, and then we sell them and put them back on the market, that money needs to go back to us, not the shareholders of these companies when they went broke. You lose money in business sometimes. If you had stock in them, fire your broker, but don't expect my money to cover your bad judgement.<BR/><BR/>I don't particularly care who watches over the money, as long as they have operated successful Fortune 500 companies before, and can handle billions of dollars without losing it again.<BR/><BR/>As for the execs and their pay, welcome to the real world. If you do a bad job, and your company goes bankrupt, you don't get a treat. You made a mistake, you don't get paid for it. I don't want them getting a dime, and they should all be fired.<BR/><BR/>IMHO, of course...Kodiehttps://www.blogger.com/profile/14233724208127298680noreply@blogger.com