Surely A Large Human
Date registered: Jun 2006
Vehicle: '08 C219
Location: Between Earth and Mars
Mentioned: 2 Post(s)
Quoted: 482 Post(s)
"Failure to plan on your part, does not constitute an emergency on my part."
The appalling thing about this whole deal, to me, is that the banks in question (the ones who need the bailout) have ben widely cited as refusing to participate in the plan if executive compensation was targeted too strongly.
I think the only opposition Main Street has to this plan, is the appearance that the same executives who got us in to this mess would somehow see even a single penny after the fact. THEIR money should be the first dollars spent on the bailout, not ours. When that runs out, we can talk.
People can see through the smokescreen enough to know that "curbing" pay is not the same as "eliminating" pay.
And we haven't even started talking about criminality and congressional hearings yet. There will be blood.
I think the other perception problem this bill has is the price tag - $700 Billion seems like a huge number, and one that is just a little bit too perfect. It's the fiscal equivalent of performing surgery with a hatchet. Where did that number come from? We sure it can't be scaled back a few billion here or there? We sure it's enough?
I'm all for any plan that solves the problem, so long as it's made CRYSTAL clear that the players involved are NOT allowed to profit - as companies or as individuals - by way of this bailout. We can let justice take it's course later, but the up-front requirement is to be perfectly clear that WE THE PEOPLE make NO CONCESSIONS regarding the terms of this bailout.
And fuck anyone who says it's a "rescue". This is a bailout. A "rescue" is what happens when something accidental and unforeseen happens. A bailout is what happens when someone does something stupid and needs someone else's help to get out of it.