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by RosieGHM Jetpacker on September 23rd, 2008

RosieGHM Jetpacker

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Do you think these Wall Street "Fat Cats" who got us into this mess should receive any part of the $700 Billion Bailout for salary/bonus/stipend/whatever? Or should they get nothing and let the little guy get a crack at the big bucks?

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Answers. 5 helpful answers below.

  • by ChuckExAnon on March 4th, 2009

    ChuckExAnon

    As long as they keep kickin' back to the Belt Way "Fat Cats" in D.C., called congressmen, your question becomes kinda moot.

    All those Bailout and Stimulus bucks would have already made a big positive difference had they been sent directly out to taxpaying citizens! But, hell, no, nothing as simple as that! :-(

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  • by KayJ on September 23rd, 2008

    KayJ

    They are already sitting in their million dollar homes and nice cars, the only thing they should get is sent to a homeless shelter!!

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  • by my2cents--Vote for Paul on March 4th, 2009

    my2cents--Vote for Paul

    I think if you are the boss and you run your company into the ground to the point that you need a bailout. You don't get a bonus or whatever you what to call it. The only thing you deserve is a pink slip.

    If we let the companies go down that were doing bad business then the smaller companies that are doing it right will get the chance to set up and prosper but that can't happen if they have to not only compete with the compitition but also the federal government. Thats the american way, free market.

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  • by Legend In Your Own Mind on March 4th, 2009

    Legend In Your Own Mind

    There is this huge myth going around by the right that wealthy individuals who sit on the boards of corporations dig into their personal bank accounts to drive industry and take all kinds of risk when nothing could be further from the truth. They risk the money of stock holders and yes, even that of tax payers and when they fail we don't take their personal wealth away from them to redistribute to poor people. They write it off as business losses and not one single billionaire will ever have to have his or her personal savings account drained to fix anything except maybe a hole in their own roof and even that will be written off as a loss.
    We're taught at a young age if you want to start a corporation you don't do it with your own money. You do it through banks using the money of the bank or stock holders....more commonly known as OPM..Other peoples money.
    Now all that risk they took, or to put it more specifically the money they gambled on getting even richer went bye bye. We'll all pay for that and they won't lose a dime and their personal wealth will remain largely untouched.
    The problem is without these giant banks we all go back several paces back to go and start over. I can live with that. I've been at "go" for years anyway and still haven't collected my $200. Hell, I still haven't made it to community chest yet, just "go to jail..go directly to jail. Do not pass go. Do NOT collect $200.

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  • by tominhouston on March 4th, 2009

    tominhouston

    Excellent point, and absolutely correct. Gee wiz, how convienient that in the "alleged" stimulus packages there are no regulations on who is eligible for what or how much.
    and that when the country needs help NOW most of this stuff won't really start paying out until 2011. and the people who are dolling out the money are former bankers.
    As Thurston Howel the third would say,
    "I wonder what the little people are doing tonight?"

    Signed,
    One pissed off not necessarily a fat cat Republican

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