Comments on: Bail Us Out http://www.synapticdomination.com/2008/09/bail-us-out/ Ideas, Opinions, Discussions Sat, 06 Jun 2009 19:10:24 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Robert http://www.synapticdomination.com/2008/09/bail-us-out/#comment-422 Robert Fri, 26 Sep 2008 03:49:31 +0000 http://www.synapticdomination.com/?p=249#comment-422 What you are talking about is one of the issues of the proposed bailout. What exactly is the role of the government after the bailout? The Democrats are using the proposal to include legislation that regulates executive pay among other things with certain companies and they are also haggling over just where the money comes from. The current issue centers around some wanting the investment community to foot the bill for the bailout versus the taxpayers. In the end, I'm sure we'll see the taxpayers shouldering the risk and also see government regulation involved in executive pay along with other rules to help alleviate these things from escalating in the future. Now, I'm not one to ask for government intervention in the free market, but if the results are failure with long standing countrywide recession or bailout and save the market, I think we can all agree that intervention would be necessary. I agree also about the continual need to bailout these failures. Eventually, these companies should be required to pay the price of their mismanagement and not require the American public to forever pull their companies out of the fire while the public itself continues to decline. What you are talking about is one of the issues of the proposed bailout. What exactly is the role of the government after the bailout? The Democrats are using the proposal to include legislation that regulates executive pay among other things with certain companies and they are also haggling over just where the money comes from.

The current issue centers around some wanting the investment community to foot the bill for the bailout versus the taxpayers. In the end, I’m sure we’ll see the taxpayers shouldering the risk and also see government regulation involved in executive pay along with other rules to help alleviate these things from escalating in the future.

Now, I’m not one to ask for government intervention in the free market, but if the results are failure with long standing countrywide recession or bailout and save the market, I think we can all agree that intervention would be necessary.

I agree also about the continual need to bailout these failures. Eventually, these companies should be required to pay the price of their mismanagement and not require the American public to forever pull their companies out of the fire while the public itself continues to decline.

]]> By: Bob http://www.synapticdomination.com/2008/09/bail-us-out/#comment-421 Bob Fri, 26 Sep 2008 01:05:17 +0000 http://www.synapticdomination.com/?p=249#comment-421 What I am wondering is, with the government bailout will this put the government in control of some of our banking systems? If not what are the repercussions to some of the higher echelons that are running these banks in the ground? I personally think that their bonuses they are supposed to be entitled to, should be turned back over to the government to help pay for their mess ups. This sounds very familiar to what happened in the 70s. This is somewhat like the people living in the hurricane and flooding zones. We the tax payers keep paying to rebuild for these people and they just keep moving back to the same old places. I can understand once or twice if it was an oddity that happens one time in one hundred or two hundred years. But this is continual year after year. When do we say enough is enough? I don't agree with government control, but if it is necessary to keep things going in the right direction, then lets get on with it and keep tight reign over these unscrupulous bankers. What I am wondering is, with the government bailout will this put the government in control of some of our banking systems? If not what are the repercussions to some of the higher echelons that are running these banks in the ground? I personally think that their bonuses they are supposed to be entitled to, should be turned back over to the government to help pay for their mess ups.

This sounds very familiar to what happened in the 70s. This is somewhat like the people living in the hurricane and flooding zones. We the tax payers keep paying to rebuild for these people and they just keep moving back to the same old places. I can understand once or twice if it was an oddity that happens one time in one hundred or two hundred years. But this is continual year after year. When do we say enough is enough?

I don’t agree with government control, but if it is necessary to keep things going in the right direction, then lets get on with it and keep tight reign over these unscrupulous bankers.

]]>