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As I am listening to the show on air, I cannot NOT be angry and feel disgusted at these Wall street executives/CEO - I understand the need to pump in money to the Economy to get the credit flowing, but giving a free hand to the Treasury Sec and Wall Street $700B IS NOT A solution. I have a suggestion:

Government gives = $700B now
Government taxes = $x*y - $Z
Where x = Number of companies bailed out by Governemnt including Bear Sterns, Fannie and Fredie, AIG
y = Number of top executives who profited the most and made these decisions - I agree this will need some due diligence and maybe FBI investigation, but w/ time can be done.
Z = some money government invests since they may not be able to get this $700B alone from x companies --- but a less than say 5-10%.
Profit made from such $700B investements by Government should go back to taxpayers in terms of tax relief or something.

They, who made this mess should be respnsible and PAY for this mess --- these executives made millions in bonus from these bad deals, so now let them pay for it. It this means they have to sell their luxary homes at $50M and planes at $20 ---- so be it.

This is a market economy - let us believe in the principles of that and not turn towards a socialist economy. Otherwise this is a biggest $700B scam that King Bush and his wall street associates will have pulled that off -- sip on their drinks on a tropical island and laugh on how smart they were in fooling a whole nation. Think of Ocean's Eleven last scene in front of the Casino !!!!!

posted 3 years, 8 months ago
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