09 December 2008

Is the Bailout a Bust?

It may well be too early to call the bailout a best. But it sure does reek of the same "hoard the wealth" policies perpetuated as "free market" by the most despicable administration I hope I'll ever see.

The bailout packages for each recipient should be transparent. They are not. Rumors of million dollar packages and bonuses for failed CEO's run rampant.

I've overheard more than a few times frustrated everyday Americans deliberate out loud: What if I don't pay my taxes. Tax money that rewards failure may give creedance to this notion.

In order to make sure that this bailout doesn't just bail out failed executives, the Government should require the following and make it public domain. The public, after all, just became shareholders in lots of failed businesses.

TRANSPARENCY IS NECESSARY! All shareholder documents, detailed executive compensation packages, and accounting for each penny of each bailout package should be public domain and available online.

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