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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Enough Pillaging

September 22nd, 2008 by 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 |

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