Pay back that bail out money, before you pay yourself a bonus!
24/02/10 12:57 PM Filed in: Musings
I'm afraid that like many Americans, the hope I still felt last year at this time, has faded to forlorn cynicism. What the hell happened to the provisions concerning that bail out bill we were told would prevent those Wall Street bankers and big business CEOs from repeating past mistakes? Do I hold Obama solely responsible for the economic mess we are still in? No I don't. However, if Wall Street bankers and others are continuing to pay themselves big bonuses, then I am miffed that the provisions that were supposed to prevent past mistakes being repeated, are not being enforced. Obama, along with everyone else responsible for that bail out bill should at least be seeing to it that the money used to bail out big businesses is paid back before any bonuses get doled out to those Wall Street bankers and other big business CEOs.
That's right, I think that until every penny of bail out money has been repaid, no Wall Street banker or big business CEO whose company received bail out money should be able to receive even the smallest bonus. Until they get their banks and businesses running in such a manner that money, which was in effect a government loan in my viewpoint has been repaid, not a damn one of them deserve a bonus. Pay back that bail out money, before you pay yourself a bonus! That should be the rallying cry for every tax paying American right now.
And here's another message we should be sending to politicians, bankers and CEOs. Big Brother may or may not be watching you, but We The People are! No, by that I don't mean I'm advocating that hackers spy on and/or steal the private information of those people. But, given the fact it was and is our hard earned tax dollars that helped fund that big bail out, don't We The People have a right to know WTF those who received that bail out money are doing to repay it in full?
I realize to some, the idea of Wall Street bankers and other big business CEOs not getting one penny of bonus money until the bail out funds their banks and businesses received are paid back in full seems completely radical, and maybe even simplistically stupid. One the other hand, at least I'm not sitting here claiming I can see Russia from where I live, or still demanding, as the people of Arizona are, that Obama prove his citizenship by once more showing his birth certificate.
Just imagine what good might could be done with that money if the Wall Street banks and big businesses were forced to repay it before they could pay themselves anymore big bonuses? And maybe, just maybe, if they were forced to pay that bail out money back before they could pay themselves even the smallest bonus, it might teach those fat cats the real basics of good business. Something they apparently don't have a clue about at this point given what has, and still is happening in their greed driven world.
That's right, I think that until every penny of bail out money has been repaid, no Wall Street banker or big business CEO whose company received bail out money should be able to receive even the smallest bonus. Until they get their banks and businesses running in such a manner that money, which was in effect a government loan in my viewpoint has been repaid, not a damn one of them deserve a bonus. Pay back that bail out money, before you pay yourself a bonus! That should be the rallying cry for every tax paying American right now.
And here's another message we should be sending to politicians, bankers and CEOs. Big Brother may or may not be watching you, but We The People are! No, by that I don't mean I'm advocating that hackers spy on and/or steal the private information of those people. But, given the fact it was and is our hard earned tax dollars that helped fund that big bail out, don't We The People have a right to know WTF those who received that bail out money are doing to repay it in full?
I realize to some, the idea of Wall Street bankers and other big business CEOs not getting one penny of bonus money until the bail out funds their banks and businesses received are paid back in full seems completely radical, and maybe even simplistically stupid. One the other hand, at least I'm not sitting here claiming I can see Russia from where I live, or still demanding, as the people of Arizona are, that Obama prove his citizenship by once more showing his birth certificate.
Just imagine what good might could be done with that money if the Wall Street banks and big businesses were forced to repay it before they could pay themselves anymore big bonuses? And maybe, just maybe, if they were forced to pay that bail out money back before they could pay themselves even the smallest bonus, it might teach those fat cats the real basics of good business. Something they apparently don't have a clue about at this point given what has, and still is happening in their greed driven world.