Just last week we were treated to news that some banks have set aside several billions of bailout money for executive bonuses this year. With the exception of one or two, there has been no announcement that the CEOs and other leaders of banks and corporations who wrecked the economy (leaving many elders and others destitute of a lifetime of savings) have been fired. No salaries have been reduced to governmental levels even though bailout banks are being partially nationalized.
While these people keep their several mansions, Bentleys, yachts, art that belongs in museums, dozens of $5,000 suits, astronomical salaries and bonuses, the American people are paying for it all in blood, hunger and cold in winter.
Wednesday, November 19, 2008
Ronni Bennett wrote a wonderful piece on her blog Time Goes By titled "Restoring Confidence in the Economy." Please check it out if you get a chance. You'll be glad you did. The comments are good on it, too. Here's an excerpt from it.
Posted by Joy at 12:13 AM