I just watched Face the Nation today, and that was a direct quote from Barney Frank. That if the execs decide to quit over the bonus deal, it is an act of extortion against the american people.
Interesting... I always thought an act of extortion was when someone threatens you harm or damage in one way or another (like a 90% tax). In this case it would just be the execs withdrawing their help. Where is the ACLU on this one? Do they not have the right to quit if they feel like it? Who is really working for whom in this situation? Where is their liberty, their freedom to choose? This one just sent me through the roof. If the govt truly believes it can run AIG better than they can... I say let them have at it. Show the American people how efficient the govt can really be at running a private business.
Once again, the idea of right or wrong is being seen here, through the prism of how much money you have. The execs of all of these companies helped to de-stabilize the economy because of risky busines practices. No argument there. Extended way too many risky loans around, that now have all defaulted.
But where is the govt or citizen outrage at all of those people that took out the loans they could never pay back in the first place? Why does the govt not place a tax on them to help fix the problem that they certainly had a hand in causing? Why not enact a law stating that those people that were irresponsible, or unfit for one reason or another to pay their loan back, cannot own property for 7 years? I know with absolute certainty that I had no hand in causing this financial mess at all, yet more and more of my tax dollars are being spent to fix it. Shouldn't the people who defauted on their loans have to pay more of the burden to fix what they broke? Even if they had to pay it back slowly over 30yrs or so? They ARE getting my money aren't they? Do I get to have a say on how they are going to spend it?
Why is it this way? It is because of the victim mentality that is currently crippling the US. And the way the current tune goes... is that the one with the least money is always the victim, reguardless of whatever it is that they do, and the one with the most money is always the oppressor reguardless of what they did. This is making me ill....
Interesting... I always thought an act of extortion was when someone threatens you harm or damage in one way or another (like a 90% tax). In this case it would just be the execs withdrawing their help. Where is the ACLU on this one? Do they not have the right to quit if they feel like it? Who is really working for whom in this situation? Where is their liberty, their freedom to choose? This one just sent me through the roof. If the govt truly believes it can run AIG better than they can... I say let them have at it. Show the American people how efficient the govt can really be at running a private business.
Once again, the idea of right or wrong is being seen here, through the prism of how much money you have. The execs of all of these companies helped to de-stabilize the economy because of risky busines practices. No argument there. Extended way too many risky loans around, that now have all defaulted.
But where is the govt or citizen outrage at all of those people that took out the loans they could never pay back in the first place? Why does the govt not place a tax on them to help fix the problem that they certainly had a hand in causing? Why not enact a law stating that those people that were irresponsible, or unfit for one reason or another to pay their loan back, cannot own property for 7 years? I know with absolute certainty that I had no hand in causing this financial mess at all, yet more and more of my tax dollars are being spent to fix it. Shouldn't the people who defauted on their loans have to pay more of the burden to fix what they broke? Even if they had to pay it back slowly over 30yrs or so? They ARE getting my money aren't they? Do I get to have a say on how they are going to spend it?
Why is it this way? It is because of the victim mentality that is currently crippling the US. And the way the current tune goes... is that the one with the least money is always the victim, reguardless of whatever it is that they do, and the one with the most money is always the oppressor reguardless of what they did. This is making me ill....