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View Full Version : The bailout... Huh?


Preacher
09-23-2008, 02:27 AM
Ok.

There are two thing that strike me here about the bailout of the finance markets.

1. The problem of regulation is that you are putting the power-hungry in charge of oversight over the money-hungry. As much as I agree that things need to change, I am worried adding a layer of bureaucracy will only make issues worse in the future.

2. An almost exact opposite position to point one... The dems are trying to make a point in the package that if a company uses the govt. to be bailed out, the govt. then steps in and puts limits on the CEO, etc. I think this is a VERY sensible idea. If you must use the govt. to bail you out, then you must surrender to the govt. mandates surrounding it. What I DON'T want to see however, is teh CEO treated like a scapegoat. Heck, some of these companies have been headed down this path for years... only to NOW have their legs kicked out from under them.

IT isn't a simple problem... It won't be a simple answer. But there is no reason to PURPOSEFULLY complicate it either.

revefsreleets
09-23-2008, 10:46 AM
Did you read about the 2.5 bil golden parachuteLehman's gave themselves?

This is exactly why these greey bastards need to be kept in check. And, to some extent, they need to be made scapegoats. They dug this hole themselves, and when they come begging hat in hand, that isn't exactly the time to be leveling demands on the government bailing them out.

Transparency and increased regulation is needed at this point...