ins-exec

Aid for the Automakers? You Decide!

fine bail them out but first dissolve the UAW, take a real hard look at retirees benefits and CAP all executive officers salaries. I'm self employed for 26 years, I've had fat years and lean years that goes with the job. The tax payers are lending money to corporations whose executives are (7) figure earners. I guarantee you that AIG and others were handing out bonus money even when they ran red for the year. Now the american taxpayer is going to pay salaries on bankrupt companies? Now, because of all the greed that permiates on wall street we all have to suffer? I'm down 20% for the year just like most business's across the country are we going to get bail out money also? Is my salary going to be effected? Of course it is but that goes with the job and hell will freeze over before I can accept paying some greedy executive 1M+ per year in salary when he bankrupted his company. We hear that Citi is laying off another 52K people and cutting operating expenses by 20% Is the CEO, Pres, & CFO and all the other senior execs taking a pay cut??
We loaned money to the banks to soften credit to help keep business afloat, has it happened? No! they're hoarding it and not letting the money recirculate to help stimulate the economy. Congress knows this but are doing nothing about it. How about this. They either soften the credit or take the money back simple as that. I am 60 years old and a veteran of Viet Nam and have seen my country become a debtor nation all as result of greed and political corruption and the sad part is no one not one person is being held accountable