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February 14, 2009

‘Looting’ the U.S. Treasury

E. Thomas McClanahan (2/8, Opinion, “Be careful what we let Washington decide”) gets it wrong with his assertion that “The larger issues raised here are troubling. In Washington we now have a lot of people who believe they ‘know’ exactly how much bank executives ‘should’ be making.”

No, Thomas. What we have are a lot of people all over the country, including Washington, witnessing the looting of the U.S. Treasury. These brilliant financial people need a good spanking in the only language they understand. The single most effective way to stem the crisis will be to impose compensation limits on executives of those institutions that created this train wreck and now need the taxpayers to bail them out.

And don’t even suggest we need to pay big rewards to retain this top talent. Top talent like this is the kind we don’t need.

Bob Hoffman
Olathe

Comments

TinaMcG

Whether we bail out these twits or let them go under, us little people are gonna get stuck with the bill.


Victims, victoms, victims...everywhere you look -- VICTIMS. Did you ever stop to think that we did this to ourselves, that we got lazy, stopped demanding oversight, got fat and dumb and happy -- and then it all caved in on us? The government did it to us, WAHHHH!! The Republicans did it, WAHHH! The Dumbocrats did this to us, WAHHHWAHHH!!!!

So did the greedy bugger American voters who insisted on cheaper and cheaper goods from Walmart and who wanted $350K houses while earning $50/year. This sort of greed drove American jobs to China and millions of Americans to the poorhouse.

So knock off the 'poor little me' crap. We all did this and we all have to get out of it together. Now go spend some money.

Let's all just stop playing the damned victim and for God's sake, let's stop calling ourselves "little people".

Sammy

"The single most effective way to stem the crisis will be to impose compensation limits on executives of those institutions that created this train wreck and now need the taxpayers to bail them out."

I disagree. This will be less effective than if we would have let these executives lose their jobs rather than bailing them out.

jack

The problem is the only
spanking" these twits would understand is bankrupting them. But, even then, they would look the banks fail and ruise away on their yachts, firm in the belief they are better and more deserving than the rest of us because they have lots of money.

The rest of us? Whether we bail out these twits or let them go under, us little people are gonna get stuck with the bill.

Stifled Freedom

Like I said, it does not take a good reason to do something ridiculous....it just takes any old lame reason.

whispering_to_kc

"These brilliant financial people need a good spanking ..."

I think it was CNBC the other day that covered an increase in the Manhattan "whips and chains" business. Financial people hiring women to ... you know ... show 'em some pain.

Whips and chains and lots of black leather.

A "good" spanking may be exactly what the financial people are looking for. "Make it hurt!!"

Pub 17

Or John McCain, who ran away from the Hagel reform bill, or the Bush Administration which ignored calls for re-regulation, or Alan Greenspan, who thought letting the banks do their thing without any nasty government regulation was just peachy.

Keep repeating your mantra, Special Services, and then go OOOooooommmmm....

BudRog

As bad as you think these guys are Hoffman, they do not hold a candle to the likes of Barney-theBankingQuees-Frank, Maxine-FrankRains is doing a great job-Waters, and Chris-countrywide-Dodd.....

 
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