Well the best way I can relate the actions of the Fed and the Treasury last night is to relate it to a parent disciplining a child that has misbehaved.
First comes the harsh sentence.
Parent: Johnny, you're grounded for six months!
Fed/Treasury: AIG, we're not going to bail you out no matter what!
Parent: We'll don't do it again. I guess you can go to the movies with your friends this weekend. Do you need money?.
Fed/Treasury: Okay, how about $85 billion dollars to tie you over for awhile. Will that be enough?
Just like the inconsistent parent and the naughty child the inconsistent federal officials and the naughty businesses will continue with the undesirable behavior.
Bear, Fannie, Freddie, and now AIG. It's time to come clean. Lay it all out for all to see and figure out exactly how we're all going to take care of it.
One thing's for certain. The rock star CEOs, CFOs, senior management teams and their congressmen and senator puppets should be sent packing. I want to see some blood with some of these characters going to prison. That would be a good start!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment