Enough Pillaging
reality
Mr Paulson, I’m losing it. According to the WSJ:
Mr. Paulson has argued that pay limits shouldn’t be part of this plan because they could discourage firms from participating.
Ah excuse me, I thought you were saying these firms were under stress. And I was willing to give you the benefit of the doubt that you were trying to do the right thing. But looking after your buddies is really the game here. We, as taxpayers, should hand over several thousand dollars apiece so that overpaid Wall Street executives can continue their pillaging? Welcome to the rogues and rascals list, Mr Paulson. Protecting their compensation? Most of them should be going to jail.
Posted in Fixed Income, Government, Rogues and Rascals, The Fisc |