I get that the point of this bailout is not punishment. However, if I made a ten million dollar mistake I would probably be fired. If one of my people made such a mistake, they would get the axe – assuming the company even survived.
So how is that the smartest guys in the room can make mistakes that total over $1.3 trillion — and get away with it? Why is it that people that were prudent are bailing out the no-limit morons that took on debt loads they cannot afford? Why are we rewarding this?
By the way, the most guilty party of all, the US Congress (along with the Clinton and Bush administrations) lit the fuse and kept stoking this fire. I doubt you will hear many mia culpas from their ranks.
Once again, the party is over. Once again we are cleaning it up. Time to clean the erasers.
– Carl / Blogvious
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