Charlie Ragonesi Big Canoe Realestate's Blog

What I object to

In the recent days there have been a number of posts about the bailout. IN fact all you have to say is the bailout and we all know what we are talking about. There are a number of pros and cons and what if scenarios. I have posted about this as well. But here is the one thing I think we all can agree on. ( Is it possible ?)

I think we all can agree that part of any bailout includes a provision that negates any golden parachute. If you messed this up so bad we have to pay you should not be rewarded! The share holders are not being rewarded. The taxpayer is not being rewarded. Why should the chief executives literally sail into the sun set ? This is WRONG. I think we can all agree no matter how we feel about what is going on that the golden parachute should not be something honored in these bailouts. I object to it and so should you.

12 comments • Charlie Ragonesi 706- 579-1098 • September 22 2008 07:36AM

It's Outrageuos

The new almost proposed Government plan is outrageous. What is happening is the boys in DC, the Fed, the secretary of the Treasury etc have gotten together and decided that YOU AND I should pay for the bail out of the speculators. They have decided that YOU AND I should pay for those who screwed up. They say it is bad for us. When they say us they mean them. They give you all kinds of doom and gloom scenarios. Well here is one for you. We will devalue the currency so much that you will need a wheel barrel of dollars to buy a loaf of bread. The world will move from a dollar economy. Our economic strength and therefore our well being will become a thing of the past. LET THESE PEOPLE FAIL. Do not use my money for a bail out.

This issue is probably bigger than the presidential campaign. Tell your congressmen that you do not want this bail out. Let the suits that screwed up pay for their own mistakes. I did not do this and do not feel inclined to bail out those that did this. Tell your elected official enough is enough.

5 comments • Charlie Ragonesi 706- 579-1098 • September 19 2008 07:08AM

Here we go Again !!!

Well the Feds are now in the insurance business. We are bailing out AIG. Naturally the price of oil goes up again today. This whole thing amazes me. The idea that if you are big enough and screw up bad enough some one will save you is now the new motto on Wall Street. Too bad Lehman Brothers you weren't big enough to get help.

Her is the real issue . YOU CANNOT DEREGULATE THES GUYS  as others have suggested. Why ? Because when they screw up you and I are called on to bail them out. If you deregulate then you have to let them go under. It appears no one in Washington is willing to take that step. So then you have to regulate them so they cannot hurt us the way they have. These guys caused this mess. Let them go!! Corporate Welfare you gotta love it !!

11 comments • Charlie Ragonesi 706- 579-1098 • September 17 2008 06:59AM