What do you think? Would you actually vote for this farce that seems to me a little too much money for a little too many people that are all a little too rich?
I read an article lately about Washington Mutual's buyout by JP Morgan Chase. With gov't brokering, this company was saved from totally going under and it's depositors didn't have to worry about their money. The big thing for me is that we didn't have to use government money.
What struck me as abusive and one of the roots of the problem was that the current CEO (who's only been on the job 3 weeks) will walk away with a minimum of 11.1 million dollars. How does a struggling company hire someone with a multi-million dollar signing bonus? I sure wish when I started a job that they'd pay me even 10,000 dollars up front. "Nice work if you can get it", BUT if we bail out these companies; who is going to be paying those signing bonuses and severance packages? The American taxpayer. It's just NOT what I would call fair.
The everyday worker will lose their job or be laid off, the prices and bank fees will stay the same or be raised, credit card debt will continue to rise and people's bad debt will be sold to loan sharks for collection, and all the time we're paying to be treated badly. Does this sound fair?
Write your Congressmen and Representatives and let them know that you won't take it; you can't stand it; it STINKS! Let them know that elections are coming up and they will be held accountable for thier votes.