Bank Bail OUt Money Well Used

[Ron61]

Ray,

I hope that you are correct. I still think they should have to account for where all that money went though. Would you just loan some person that came in and told you they want to borrow $2 million dollars the money without asking what it is going to be used for? I also think that they should have been made to pay it back when they are stable again. Those half million dollar vacations that AIG immediately sent their executives and families on were just a slap in the face to the working people.

Ron

[cobra de capell]

Originally Posted by Ron61

Ray,

I hope that you are correct. I still think they should have to account for where all that money went though. Would you just loan some person that came in and told you they want to borrow $2 million dollars the money without asking what it is going to be used for? I also think that they should have been made to pay it back when they are stable again. Those half million dollar vacations that AIG immediately sent their executives and families on were just a slap in the face to the working people.

Ron

Separating the funds just doesn't work when millions of customers are involved - banks will be paying back public funds first when things are fully stabilized.

AIG - probably a scheduled event - actually, it involved primarily broker customers - to encourage the flow of business in the future and reward the past.

[Wayne Maybury]

Think about this for a minute. If someone is willing to give you X $Billion with absolutely no strings attached, would you tell where it went, especially if you were able to put a good chunk of it in your pocket? Wait a minute. This was public money, maybe you should have to tell the lender (the average Joe taxpayer) where it went or have to give it back.

Goldman Sachs is reported to be going to pay an average bonus this year in excess of $200,000 to each and every employee. How can a company that is losing money and obtaining a bailout possibly justify a bonus of one cent ?

Wayne