Quote:
Originally Posted by hambirg  What bothers me about all this mess is that we have "privatized profits and socialized risk."
It must be nice to be one of those fat cat CEO's. I wish somebody would make me a CEO so I could run a company into the ground while I was lining my own pockets and then have the tax payers pick up the bill! 
It's only going to get worse. |
Don't forget that when you do run your country into the ground, you'll be compensated with a multi million severance package as they show you the door.
The more I look at it, the more I so not like this bailout plan. I don't think that taxpayers should be asked to buy worthless paper.
I agree with Krugman here:
http://krugman.blogs.nytimes.com/2008/09/20/no-deal/
And, I do think this would be better:
http://faculty.chicagogsb.edu/luigi....n_is_wrong.pdf