Left In Missouri

It seems like this bailout is going to cost a pretty penny to taxpayers.  Barney Frank, in a speech in front of a AARP group told the audience that assets will be held by the Feds so we can recoup some of the loss.  I say that is not enough.  We need to change corporate law that will punish those who profited due to their actions running these entities.  I’m not talking about mutual funds and retirement annuities.  I’m talking about these CEOs gold parachuting their way from responsibility.  In the old days, they used to jump out of buildings….without parachutes

This system needs to change.  Under the Bush Administration, not only did we lose the moral authority around the world, we now have lost our place as a financial authority.  Do other countries really want to follow our lead after this meltdown?

Like Kenny Hulshof new health plan, socializing the risks, while fat cats keep the profits is a recipe for failure.  This is not fiction, we only need to look at Wall St. to see how greed and arrogance can blind someone to economic realities.