Question about the bailout!

Discussion in 'Economy' started by plt42, Sep 24, 2008.

  1. plt42
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    plt42 A Constitutionalist

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    I understand the economic crisis. I understand why such a move to bailout failing financial institutions may be necessary to the economy... and blah, blah, blah.

    What I don't understand is why the CEO's are walking away with millions of dollars in their pockets when their corruption and greed was the cause of the crisis to begin with. How does this work? Why is this allowed? Why aren't they being penalized? Is there any recourse?

    These may be stupid questions but certainly not the first I've asked in my lifetime. But, honestly, I don't get it. Can someone explain?... preferably without calling me "dumb ass", "fuckhead", "moron", etc. Thanks!
     
  2. dilloduck
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    dilloduck Diamond Member

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    Mostly because what they did was legal.
     
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  3. NOBama
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    NOBama Senior Member

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    Combined with PURE GREED which was the motivating factor of the Boards of Directors that granted those "Golden Parachutes" to their buddies.
     
  4. WillowTree
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    WillowTree Diamond Member

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    get on the phone and call your congresscritters. They all suck. I don't have a problem telling them they suck.
     
  5. editec
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    editec Mr. Forgot-it-All

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    Most of the money they've made is already in their pockets.

    I agree about cutting the rigging on their golden parachutes, though.

    Personally, I think the shareholders of the banks which are still standing, should file suits in civil court against the boards of directors and the top management too.

    They obviously didn't do their jobs with due diligence and the stockholders are left holding the bag.

    Bankrupting these guys in cvil would seem like justice served
     
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  6. Chris
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    Chris Gold Member

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    My Congresscritter is Thelma Drake.

    She voted with Bush 99% of the time.

    She does suck.
     
  7. Ravi
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    Ravi Diamond Member

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    It's more of the Bush Administration's brilliant trickle down theory. The theory is that if we allow rich people to stay rich and rip us off, we will all benefit eventually.
     
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  8. WillowTree
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    WillowTree Diamond Member

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    They all suck. But at least she voted. Not Obama. He votes "not present" he's out to lunch.
     
  9. plt42
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    plt42 A Constitutionalist

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    Mine is Kay Bailey Hutchison... Republican, Texas, Bush... need I say more!
     
  10. DiveCon
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    DiveCon gone

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    um, thats one of your 2 senators
     

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