RCA

Tuesday Overview: Confusion and Caution

sieraromero, I agree with thedozer that, unless you can offer evidence or a logical argument why his plan would have such dire consequences, your statements have little validity or merit. I'm not saying you are wrong, only that categorical statements with no supporting arguments are meaningless (and worthless).

thedozer, your proposal has some merit, but it has a fundamental flaw:

"Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs."

If this is a precondition for accepting the insurance, the companies (guided, of course, by their CEOs) will opt out of the insurance, rendering your plan moot.

Can you really expect that the officers of companies in crisis will be altruistic? Greed rules our economy and greedy CEOs will make sure that they get what they perceive that they "deserve," rather than making sure that the economic system doesn't implode.