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.
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Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog
On line at www.allmountainrealty.com Call at 706 579 1098
Charlie, I'm not only objecting to it I'm jumping up and down so they can see my raised hands. Give me a megaphone and I will shout from the rooftops if I could stop the travesty that is happening in our Congress right now... I just read the 2 parties are fighting over what they can ADD to the bill... OHMYWORD, ADD TO IT? Isn't $700 BILLION enough? I'm furious.
Charlie
I am with you on this one.
Do you want the info I have on a lead generator.
Hope all is well.
Sincerely
Tom Braatz
I am mad too and if this bill does not include any kind of accountability, than it won't work and we will be in even more trouble
Charlie: I am NOT happy about this either, even though my posts may occasionally be interpreted differently. I do a have another question to pose though: "Was there an alternative?" I wrestle with this issue. We all know how we got here: years of excesses and bad business decisions but once those excesses were done, how else could we have recovered from them in the credit and financial markets. I hate the thought of government ownership/regulation of ANY private enterprise since inevitably they will screw it up worse, but in this case I am not sure there were any other options. Anyone have an other creative ideas?
Charlie,
Is this something that we can really trust to Congress? They are likely to create an even worse mess of it.
Steve
I agree Charlie. It appears from reports this morning, that legisilators are starting to agree also. Many are saying that some of the provisions are stipulating no provisions for executive bonuses, etc. Bo
I am on your side, but if a CEO can't trust his contract to be enforceable, he or she would go do something else. It's a small price to pay in the long run to right the country.
I read yesterday that some want to include extra unemployment benefits along with the bailout. Here goes Congress again, complicating bills! Why can't they stick to one issue per bill to make the bill easier to read and understand?
If you make a bad investment decision, it's just that. Live with it, work through it, and move on. Learn from mistakes! Lenders have moved from giving anyone who could breath and sign their name a loan regardless of whether they could afford it or not to making it extremely difficult to get a loan. We need common sense applied to lending. We don't need a bailout that we can't afford! We don't need a bailout bill that has too many other issues packaged with it and we don't need to bail out foreign banks!
$2000 per American is what the bail out cost translate too. I blame the media for whipping into hysteria and over looking, or over simplifing the dynamics of what led up to this, what options are out there and that the Great Depression was totally a stock/banking related tragedy. Over-reaction not needed, clear heads being heard and given air time is. Good questions posed here.
Charlie, I couldn't agree with you more. The golden parachute is a bit tarnished and they should get nothing.
Dee: To your point of: "Why can't they stick to one issue per bill to make the bill easier to read and understand?" I'll tell you why - human nature. Most people in Congress get there by huge ego - When the ego is driving a person, they have a HUGE desire to put their personal mark on everything they do, soooo.... All the great minds in Congress spend their mental efforts trying to better themselves, their career, their voting records, etc. rather than being focused on doing what is best for the people. This is a real shame!
Charlie, you said it best when you said...it doesn't matter which side you are on...we can all agree on this part...NO golden parachute when they have managed their businesses to the ground!!!
You asked about Twitter...I like it but try not to spend too much time there. I have met local people (potential networking opportunities) therefore I tweet a bit. Also it does sometimes drive people to a post, but mostly do it because in my hometown others do it too who are not in the industry. Networking!