Well, well, I AM amazed.
Forbes Article
To quote a bit:
"Dodd proposed his own counter-proposal to Paulson's plan earlier this week. Among other things, it calls for limits on executive compensation at troubled firms and for the Treasury to take a contingent equity stake in those firms. On Tuesday, Paulson rebuffed both ideas, as it might discourage firms from participating in the bailout program."
Now why would they not want to participate in a give away of big money they didn't even have to lift a finger to earn? And if they don't participate, let them eat CAKE!
KNITTING ALERT! Wow, I'm actually still knitting something.
I stripped down the Manly aran sweater, and the curly yarn is resting for awhile until I can steam it a little to take out the kinks.
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Thanks for the links. Sorting out this mess was giving me a headache. I still don't see why the taxpayer should make the greedy ones "whole" - they should be made to pay the piper.
ReplyDeleteHere's another explanation - very simple, actually in four-letter words. Beware.
http://www.scribd.com/doc/2190705/CDO-Powerpoint-SubPrime-Primer
I thought it was appropriate, that language. And here it is a month or so later and still no one really knows how to get out of this thing. I really am glad that first package didn't pass, though, that much I'm sure of.
ReplyDeleteSorry it took so long to thank you for your comment.
Now, back to hibernation mode. zzzzzzz lol