The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Galirayo who wrote (192338)	3/21/2009 5:30:35 PM
From: geode00	Read Replies (2) of 306849

Yep, the answer is GOVERNMENT PAYSCALE for all recipients of more than, say, $100 million in government bailouts. Those companies like Citi and AIG who have substantial public ownership should go first. Pandit can make what Obama makes in total compensation but without the room and board at the WH. The other answer is TO HAVE LET THEM FAIL. If we are going to gripe about socialism then let's have real capitalism (not crony capitalism) liquidate all of these banks and insurance companies. Deposits can be protected but I suspect some of the guaranteed annuities will be shrunk. We appear to be paying out through the nose to prolong the fantasy of the global financial system. Time's up, the fantasy's over, tear off the band-aid and let's start from the ground up. AIG has admitted that it didn't need the last big chunk of bailout in order to prevent systemic risk. What? Better that bailout goes to California, a really big part of the world's economy, than to pay out 100 cents on the dollar to GS. Let GS's shareholders foot the bill. That's capitalism.

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