Writing
$25 billion is not an OK price tag
It’s been frustrating to watch the US Government take steps to help failing financial companies Get Out Of Jail Free.
On the one hand, I’m no idiot, and I understand the logic of Too Big to Fail.
But there ought to be a middle ground between taking the American economy down and getting away scott free. I think there ought to be really strict conditions for government bailouts that cost taxpayers $25 billion dollars.
For example, company executives should have to pay back all bonuses from the past three years.
Basically, I’m not OK with anyone at the company making over $150,000 per year all told over any of the previous three to five year period.