Wall Street Vultures Need To Do More Than Giving The Bonuses Back
First of all, an answer to the question: Why did I leave the previous entry up for a week? Read it. If you don’t understant why, you might want to have your head examined.
On to the Wall Street mess. All kinds of government “outrage” is being expressed at the bonuses going out to Wall Street executives whose company received bailout money. The President is angry, and so are Senators, and of course, the public is incredulous. There are some people calling for the bonuses to be rescinded.
Those measures are simply not enough. Any financial executive who is paid a bonus at a firm that needed a bailout should be forced by legislation to return the money, or go to jail. ALSO, the managers who approved the bonuses at these ailing firms, should be reprimanded. If they don’t rescind their executive orders to distribute the bonuses, those managers should be prosecuted for fraud against the U.S. government.
Free markets are wonderful. But we can’t allow people to profit from their own failure at taxpayer’s expense.
PS -Please read the previous entry on race again. And pass it on.
LK

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