I just was catching up on some of the news of the last week and discovered that all those bailed out financial/investment corporations are still giving excessive bonuses to their executives that have failed in keeping the companies solvent. And Citibank, that credit card company you love to hate, is going to buy a new $42 million corporate jet.
How many people did they kick out of their homes for this? And how many Citibank Credit Card holders are now paying 26% interest and $35 late fees? Or better yet, how much of my taxpayer money is funding this joy ride?
This new toy of the CEO's carries only 12 passengers and a crew. Twelve! And just where do they travel on this gold plated luxury ride? Isn't this the day of the Internet? Conference calls? Live video streaming that allows you to hold a meeting with nobody leaving their conference rooms?
And shouldn't Citibank and all these "on the brink of failing" companies be cutting back on expenses and frills and bonuses like us middle class (rapidly becoming lower class) members?
I am sorry you managed your companies so very poorly but in true capitalism you should be allowed to fail. I say take the remaining TARP funds and open a government bank to provide loans to people getting foreclosed on or in bankruptcy themselves. No more for banks and investment companies. Zero. Zip. Nada.
They just don't get it. Literally!
Write your congressmen and President Obama Today.
These failure CEO's are so disconnected with the rest of the planet that they are just plain INCAPABLE of handling these large amounts of money...period. What I've enjoyed over the past day or so is the commission hearings that have begun and the commitee meetings that will begin next week. (Rep. Barney Frank's banking commitee) Hold these criminals accountable - any of the rest of us would have already been thrown in jail for such theft! Let the banks FAIL for their own bad practices...
ReplyDeleteInstead of giving billions away to these thieves, they should have just given every household in America 100,000 dollars and absovled our debt. You would have seen the economy boosted into the upper atmosphere...instead of these criminal CEO's hoarding it...
I like your plan. I would pay off my house, do some needed repairs which would benefit the local hardware and lumber stores and buy a new/used car which would benefit the auto industry. The rest I would put in a bank account and benefit the banks.
ReplyDeleteWorks for me.