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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (186052)	2/23/2009 5:39:39 PM
From: Lizzie Tudor	Respond to of 306849

ridiculous to recapitalize banks, "while purging the boards and management", using taxpayer money. This whole "personal responsibility" dogma is wearing a little thin. Yes lets have personal AND CORPORATE responsibility. Let everybody fail. personal responsibility needs to return in this country, and homeowners should not be exempt from personal responsibility. Right, same for banks, people that work at banks, ceos what have you

To: ajtj99 who wrote (186052)	2/23/2009 5:39:59 PM
From: Bank Holding Company	Respond to of 306849

> If you wipe out the bank's equity and nearly all the bond holders, purge the boards and management, then recapitalize, it's a better fix than trying to save underwater homeowners. << I just wanted to thank all the bagholders who made this day possible.

To: ajtj99 who wrote (186052)	2/23/2009 5:40:41 PM
From: neolib	Read Replies (2) \| Respond to of 306849

If you wipe out the bank's equity and nearly all the bond holders, purge the boards and management, then recapitalize, it's a better fix than trying to save underwater homeowners. Err...why won't the cycle repeat after that with the new management? Break the larges banks up, and make it clear to future bank managers that they are no longer too big to fail. Next pass some legislation that attaches strings to all upper management's pay (including bonuses) on a declining basis, for the past 7 years in case of bankruptcy. That might solve the problem.