henarl

Global Capital Asset Death Spiral

We have a system where mismanagement is rewarded with huge salaries, bonuses, stock options, etc. while the organization goes down the drain and punishes the bond and stock holders and, in the case of a govt. bailout, the tax payers. Then when the responsible executives finally lose their jobs, they exit with a multi-million dollar golden parachute. THAT is what needs to be changed !

Global Capital Asset Death Spiral

Exactly. If the government is going to intervene, it needs to overrule the FASB and eliminate the mark to (no) market rules.

Re-examining My American Capital Strategies Position

spartanz: Of course the government will protect Wall Street at the expense of Main Street. All of the decision makers, from Paulson and Donaldson on down, are old Wall Street insiders. Fairness has nothing to do with it.