President Bush wants to push the largest financial bail out in history. Does it make sense to you to have a 700 Billion dollar plan to unfreeze the markets and to buy at 10 cents on the dollar the bad debt of so many huge lending banks? The President and congress are on a full court press to get this done. We are told if they don’t we will face a way bigger hell that will affect us all.
One of the questions I have is why are the same people who ran the big banks and companies into the ground allowed to still run things and make 5 or 10 million a year? Last I knew, when I was a victim of corporate crime in 94 and lost my music career after going up the charts, no one down the street rescued me. No one said you shouldn’t have to go BK because you are so talented and sincere. I simply went bankrupt. There are millions of Americans just like me who have worked their brains out, tried a business or threw an idea into the market and didn’t quiet get it right and they had to shut down their business.
These big banks knew all along that you don’t just give out home loans and business loans to people with hideous credit and no down payment. They did it anyway out of an ‘entitlement’ world view that everyone deserves a home no matter what. They mainly did it because of greed! Why does that get rewarded now while we hear speeches how it will hurt us if we don’t want or pay for it?
I say if our very sick financial markets need nearly a trillion dollar hand out then lets also make this happen for the American people.
As one of the millions of manipulated investors in this madness here is what I want to see thrown into this bail out.
Thoughts of a bail out Investor:
1. All the controlling CEOs and Presidents who were in charge must be fired. No 50 million dollar buy outs. Also, just like with normal bankruptcy guidelines, their ridiculous assets should be reviewed and they should be allowed to keep their main home, basic retirement package and a few cars. All else must be turned in…yachts, extra homes, planes, fancy sports cars etc.
2. It would be better money served to feed the momentum of the economy to spread the 700 billion out to all Americans over 21 and offer to pay past due home loans current and finance start up businesses, especially those entrepreneurs who want to create alternative energy type companies.
3. Why not let the stupid, greedy un business like banks go under and start some fresh new ones with new talent operating under stricter loan guidelines and common sense?
I heard something today I couldn’t believe, that big banks have to pay the whopper salaries of 10 million a year plus to attract talent. I wanted to scream my brains out when I heard this idiot statement on a conservative news show.
I’m sure people running the Gambino crime family have talent also but it doesn’t serve others or amount to a hill of beans. Lets start some big banks with new, fresh, hungry talent straight from College and some basic banking experience. I’m sure they would gladly work for a big corporate salary of 200,000 a year or less. We don’t need the type of talent that demands 10 million a year to run a company. That person thinks they are the 4th person of the trinity and I highly recommend they move to a spiritual retreat somewhere and put a very large mirror in their room and just look at it and leave us alone.
The U.S. and the world are connected with their markets and greed and stupid business decisions have ruled for decades now, thus causing the house of cards to fall down. Sometimes, wisdom says, THE RESCUING AND THERAPY HAVE TO STOP AND THE CONSEQUENCES HAVE TO BE ENDURED AND LEARNED FROM!
Dr. Laurie Roth Just Who is this Annie Oakley of the airwaves?
Laurie Roth has a Ph.D. in counseling and a black belt in Tae Kwon Do, is happily married and currently resides in Washington State. She is a singer/songwriter with five CD albums to her credit.
