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Date Posted: 07:48:47 06/29/09 Mon
Author: Shirley
Subject: Re: Just something to think about
In reply to: Paul Davis 's message, "Just something to think about" on 19:56:31 06/28/09 Sun

As I understand it, those who have repaid their bailout don't want to live with the consequences of bad behavior through regulations that would be imposed.

One way of another, there are going to have to be new regulations put in place and there's going to have to be much stronger oversight.

Too big to fail? Where was the SEC? If a business engages in high risk practices, they should be allowed to fall on their collective faces!

Those bailed out companies are using a ludicrous argument for continuing to pay huge bonuses. It goes like this; "We have to pay these bonuses in order to keep talented managers on board." Yet they're paying these bonuses to the very people who got us into the mess. So who's going to hire them with a record on incompetance? BULL!!!!! That's like giving golden parachutes to CEOs that drove the cojpany into bankruptcy!

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