Bailout Package-For Or Against?
 

The 700 Billion Bailout package has been the subject on talk radio & the Radio host said something interesting, he said, "I can see that just as in a Hockey Franchise you pay top dollar to get a player (CEO) you think will produce.
That being said, if he doesn't produce, you don't hand him a big fat cheque (Parachute, Severence Package, Bonus, ETC)."

In essence, "YOU DON'T REWARD FAILURE!!!!!"

That being said, are you in favour of this package as is?
With modifications?

Should there be accountability for these CEO'S?
Should they be allowed to fade into the sunset with all the cash & live high on the hog with no accounting?

Re: Bailout Package-For Or Against?
 

Not in its present form, but with modifications, more accountability,and more in the form of a long term loan than just a "bailout" giveaway.

More accountability for the CEO's, especially regarding their compensation packages.

If it cant be proven they stole the money or did anything illegal, then I'm not in favor of trying to take their money away just for the sake of being punitive. If it's theirs, it's theirs. Lets move on.

Re: Bailout Package-For Or Against?
 

Don't look now...your Canadian is showing. :ursofunny:ursofunny
Seriously, I am very uneasy about this whole thing. I'm trying to learn more about it.

Re: Bailout Package-For Or Against?
 

Is there another way to spell it?:tease


Seriously, a lot of people were shocked when the biggest Capitalist Nation on Earth is talking about a Government bail out of thier economy!

That is a Socialist act.

In Canada, which has left leanings itself, the Government came under attack because it gave subsidies to Bombardier in Quebec.

It turned the other way when Freightliner of Portland, Oregon came and stole Western Star Trucks of Kelowna away from Canada.

They said--That is business!

Re: Bailout Package-For Or Against?
 

I'm just trying to learn more about it, the pros and cons, the potential issues if it is not done, and trying to reconcile it with the conservative Republican platform. On surface, it looks to me like more pandering to big business by the GOP, but I could be off.

Re: Bailout Package-For Or Against?
 

Right - trying to learn more. We keep hearing of the Mark to Market, Community Reinvestment Act that needs to be done away with and then abolish the Bank Holding Company Act.

Just so much keeps getting added every hour and every day!

Re: Bailout Package-For Or Against?
 

Give the $700,000,000.00 to the taxpayers, than everybody will have enough to pay off their mortgages, and lots left over to fuel the economy. :thumbsup

ARPH:doggyrun

Re: Bailout Package-For Or Against?
 

I read that idea on a political forum today!!! :ursofunny

Re: Bailout Package-For Or Against?
 

oops, I left out 3 zeros

Re: Bailout Package-For Or Against?
 

:ursofunny:ursofunny

Either way, it's redistribution. :ursofunny