Millions for bonuses

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It seems strange to me that the financial institutions have millions for bonuses but nothing for bad debt provisions. I think the financial institutions should be required to take the bonus money and use it toward there own bailout. At the least they should have some skin in the game. I like the idea of either buying their stock and getting some potential gain or having them buy insurance so they can cover their bad mortagages.

Don't reward those who got us in this mess!

Charles Hoffman
Springettsbury Township

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1 Comments

Dave Quickel said:

The executives for the bailed out companies out to be put out with the trash. They knew the market was going sour. If anything these executives seeking bailouts should have their employment contracts either voided or altered. No bonuses. No perks. No golden parachute. If the executives don't agree to this then they ought not to be bailed out. Plain and simple

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This page contains a single entry by Yorkblog published on October 2, 2008 4:24 PM.

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