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Jail and Bail-out

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j heitkemper

10-02-2008 05:03:09

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Has Anyone gotten Any details of penalties to the Executive Bankers

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tlak

10-02-2008 15:44:25

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

I think the market is self correcting and if congress leaves it go long enough it will. G.E. issued stocks and raised 2.5 billion.
Let the bankers and wall street and the foreigners figure it out themselves.

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kyplowboy

10-02-2008 17:37:16

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Re: Jail and Bail-out in reply to tlak, 10-02-2008 15:44:25

Well said tlak!

If give'n a chance capitalism works every time.

Dave

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Nancy Howell

10-02-2008 10:40:06

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

It makes me furious. CEO's etc. get million $ "golden parachute" while stockholders and the rest of us get to pay the bill.

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rrlund

10-02-2008 08:50:07

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

Well,it kind of sounds to me like a couple of the biggest offenders will end up in Balack Osamas cabinet!

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Jrry

10-02-2008 06:47:09

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

My two Senators voted against it. The oil companies have been taken it to the public for several years now and the government has not helped us but the minute one of these jerks need help they (congress)can't do it fast enough.

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john in la

10-02-2008 05:54:15

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

No and most likely will not be any.

The Executive Bankers were just doing what the Government told them to do. Give a loan to anyone that walks in and we will back it up.

The guys that ought to be put in jail is anyone that voted yes for this bailout.
I thought elected officials were suppose to represent the people and vote as we would.
Not do what they want to do.

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Frank (N.Mi.)

10-02-2008 16:26:43

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Re: Jail and Bail-out in reply to Tim B from MA, 10-02-2008 15:56:28

Yes, but did they control with a two thirds majority?

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tlak

10-02-2008 17:20:13

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Re: Jail and Bail-out in reply to Frank (N.Mi.), 10-02-2008 16:26:43

with a two thirds majority
I thought that was the Demos claim/argument. Can't blame nothun but Repugs and Demos for going along.

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tlak

10-03-2008 02:40:28

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Re: Jail and Bail-out in reply to IndianaRed, 10-02-2008 20:56:01

The minority Demos for the last 30 years are more to blame than the majority Repugs? Did Barney frank just have them bent over the table for thirty years? That doesn't even make sense.
"but the ocrats in D.C. are a bunch of liars, thieves, and freaks"
Almost agree with this statement, change it to, The Repugs and Demos, anywhere, are a bunch of liars, thieves, and freaks, even the ones in your closet.

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jay-eye-see

10-02-2008 15:24:57

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Re: Jail and Bail-out in reply to IndianaRed, 10-02-2008 14:23:23

Im not rich enough to benefit from being a repug

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James Howell

10-02-2008 09:46:38

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Re: Jail and Bail-out in reply to john in la, 10-02-2008 05:54:15

Will Rogers once said "Anything important is never left to the vote of the people. We only get to vote on some man; we never get to vote on what he is to do."

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mjbrown

10-02-2008 05:32:54

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

This whole thing has got my blood boiling! Public opinion running 1000-1 against the bailout and it passes by a wide margin. We have no more say about what happens in congress than what happens on Mars.

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Dave from MN

10-02-2008 06:01:43

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Re: Jail and Bail-out in reply to mjbrown, 10-02-2008 05:32:54

They are no longer representatives voting in our interest, like they should be. They are private agenda seeking, benefit package, say anything to get elected, shysters. Take away all the benifits alot of them will not run for releection, elected officails should be there because they want to make this a better country and push for what the people the represent want. There is no integrity anymore in those that are ruining country, not running, ruining.

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s.crum

10-02-2008 05:16:18

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Re: Jail and Bail-out in reply to j heitkemper, 10-02-2008 05:03:09

I see the ex-CEO of Washington mutual is getting a "3 week sentence at work to finish up and a 19 million dollar be gone fee."
Tough life man! anybody I ever saw get canned for screwing up were lucky to get help loading their toolbox.

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Nancy Howell

10-02-2008 10:37:13

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Re: Jail and Bail-out in reply to s.crum, 10-02-2008 05:16:18

Former CEO made 54 mil over 5 yrs and will get 20 mil in severance pay.

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Ken Macfarlane

10-02-2008 09:25:04

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Re: Jail and Bail-out in reply to s.crum, 10-02-2008 05:16:18

I see a lot of complaining about the bailout, but who has some better ideas? I'm not ok with my bank going bankrupt, or increasing borrowing rates to 50% to recover their loss.

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tlak

10-02-2008 15:46:10

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Re: Jail and Bail-out in reply to Ken Macfarlane, 10-02-2008 09:25:04

(50% to recover their loss)
You can ask whatever you what, but...

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j heitkemper

10-02-2008 14:01:43

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Re: Jail and Bail-out INCREDIBLE INCOMPETANCE in reply to Ken Macfarlane, 10-02-2008 09:25:04

Agreed , We want the banks TO REMAIN SOLVENT , The American Public DESERVES THAT , However , Can You AGREE ,Someone Should go to JAIL ,, There are enuf bad guys to have to build a new JAil,,INCREDIBLE , IRRESPONSIBLE, INCOMPETANCE!! . Has anyone heard of any Convicting Language put thru with bailout package ?? ..If it were me Doing wrong , I know what would happen. God Bless AMERICA

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s.crum

10-02-2008 09:41:37

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Re: Jail and Bail-out in reply to Ken Macfarlane, 10-02-2008 09:25:04

I'm not complaining about the bailout, We have to do it.
I just can't see the severance packages those CEOs are getting. Anything better than a size 9 Wolverine print on the seat of their pants is too much.

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Buckeye Oliver collector

10-02-2008 21:25:49

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Re: Jail and Bail-out in reply to s.crum, 10-02-2008 09:41:37

We have to do it? The government HAS to intervene? Is it just me or is there something wrong with that? This relates to tractors. I wonder if International Harvester, or WFE, or Allis-Chalmers got a baliout? I'm doubting it. If they did it didn't go so well.

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