20 September 2008

OK then here's the deal

We need a quid pro quo for this $1,000,000,000,000 bail out of America's shockingly poorly run banks. And the quid pro quo I suggest if this: the board members, the CEO, the COO, the CFO and all and sundry executive Vice Presidents of any institution that sticks the American taxpayer, or perhaps more accurately the grandchildren of the American taxpayer, with the dross of their business are prohibited forever from ever serving as a board member, a CEO, a COO, a CFO or an executive Vice President of any financial institution AND they must accept the same severance package as any ordinary employee of their business has access to (including pension and stock rights). I think it's only fair, don't you?

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