| canch said: How can the bailout help? people still have the debt and no jobs, house prices are still out of the range of low earners. |
Yea, I agree. It's why I have been against the bailouts from day one.
| canch said:
And all these bonuses bosses are getting makes me so angry |
I wouldn't let that get to you. The government put a cap on how much CEO's can get paid, just like in sports when they put a cap on team salaries. The way both groups get around it, is bonuses.
So if CEO Bob was going to go work for some private company, like Ford, he would make, say, 5 million a year (no clue, just making up numbers).
if a financial institution wants CEO Bob, he is now competing with companies that are allowed to pay him a lot more. So, they pay him 1 million with a 4 million dollar bonus. Now he makes the same at both companies (and it's legal).
If a year into the Ford job, he sucks and gets fired, you don't go and take the money you paid him back, and yet for some reason when you pay that same salary in one lump sum and call it a bonus, the government thinks it's theirs.
Also, in the grand scheme of things, the money these CEO's make is nothing. It has absolutely nothing to do with the problem. We have congressmen spending days trying to get this 165 million back, when thy are spending trillions on bailouts.
