Something seems to be seriously wrong with the "solutions" being catapulted out of Washington for this economic crisis. All rewards are directed at about a dozen or so firms in the financial services industry at the expense of the 300 million citizens they serve. It is for our good we are told so we should give them About $3,200.00 (and rising) from every man, woman and child in America.
Everything in this country was created to serve the citizen; a country where the law is king. The government is of, by, and for the people of the United States. Where did the idea come from that the citizens are hostages to incredibly stupid people and we must pay a ransom or something Worse! Than! Ten! Hitlers! will happen?
If a company is too big to fail then they should not exist--start enforcing the Sherman-Clayton anti-trust act. All golden parachutes for fleeing executives of companies they have crushed must be confiscated by the United States Treasury. Any CEO compensation of companies doing business in America greater than 50 times the amount of the average worker they employ shall be taxed at a rate of 95 percent. Any company receiving so much as a nickel of bailout money must show that the entire board, CEO and all of upper management has completed an approved credit counseling course (like, you know, regular folks filing for bankruptcy, just for humiliation). All corporations are stripped of citizenship.
Those are just a few ideas. Really, congress has got to hear from us regular folks or they will give Hank Paulson a seven hundred billion dollar blank check of taxpayer dollars to reward his Wall Street buddies for their colossally bad judgment. Does anyone think this is a good idea? Does anyone have strings they would like to hook to the money? Let me know what you think.