Yahoo News Excerpt:It turns out that the CEO’s of the investment firms they helped drive into the ground will refuse to participate in the bail-out if their salaries and parachutes are repacked into smaller packages. So much for shared sacrifice.
Many executives whose firms have been hard-hit by the mortgage crisis have earned sizable pay. Richard Fuld, the chairman and chief executive of Lehman Brothers Holdings Inc, which filed for bankruptcy protection last week, was awarded $22 million in fiscal 2007, for instance.
Goldman Sachs - for decades an independent investment banking firm - requested to change their status that will see them regulated by the Fed – in other words they “want in” on that 700 billion dollars.
Click here for the entire three-page text of the Wall Street legislative proposal sent by the White House overnight to congressional leaders.Oil posts biggest one day gain ever. No hurricanes, pipeline explosions or sudden increase in demand.
I've got a real bad feeling about this.
The editorial in Sunday's Janesville Messenger was titled "McCain right about surge."
1 comment:
This robber baron "bailout" is yet another despicable, manipulative, exploitative and mercenary lie by the Bush administration of the American people during a time of crisis in order to get money from us for rich corporations. I hope we learned from the Iraq war and, in the immortal words of "The Who", "we don't get fooled again". STOP THE BAILOUT!
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