What should happen...?
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  What should happen...?
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Author Topic: What should happen...?  (Read 619 times)
CARLHAYDEN
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« on: December 21, 2009, 07:59:11 AM »

The banking recipients of the TARP funds are (or have) repaid their loans so that they can provide higher executive compensation than the federal pay czar would allow.

But, what should happen if any of those banks subsequently (within the next year or two) come back asking for more taxpayer money? 

Should they get the money (either from Treasury or the Federal Reserve, and yes, that includes loan guarantees) because they are "too big to fail'?

Please comment.



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Grumpier Than Uncle Joe
GM3PRP
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« Reply #1 on: December 21, 2009, 09:19:22 AM »

Fool us once, shame on you, fool us twice shame on me.
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Scam of God
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Junior Chimp
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« Reply #2 on: December 21, 2009, 09:22:49 AM »

Absolutely not. We need to find ways to make the small consumer as independent as possible from the banks, to disentangle them from the intrigues of finance capitalist. It should be vastly easier to invest in one's own businesses, and cheaper to start them.
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minionofmidas
Lewis Trondheim
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« Reply #3 on: December 21, 2009, 10:14:40 AM »

The banking recipients of the TARP funds are (or have) repaid their loans so that they can provide higher executive compensation than the federal pay czar would allow.

But, what should happen if any of those banks subsequently (within the next year or two) come back asking for more taxpayer money? 

Should they get the money (either from Treasury or the Federal Reserve, and yes, that includes loan guarantees) because they are "too big to fail'?

Please comment.
If the executives repay the extra "compensation".
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opebo
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« Reply #4 on: December 21, 2009, 01:38:05 PM »

Only if the heads of the companies are held criminally responsible.
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