It Must Be Unpalatable
Matt Stoller is showing e-mails from some anonymous congressmen. I particularly like this comment.
I think it says a lot of bad things about our society that we would consider anything that is acceptable to the industry. They failed. They should be punished. I propose a list of things that should be imposed on all companies that accept money in this crises.
They want our money, they should get a very bitter pill, if they take it.
Update: To be clear the monies from the sale items are to go to the tax payers.
The only defense for the play is for a significant group of Democrats to say they won't vote for any proposal that isn't unpalatable to industry, and mean it. It's a pretty high stakes game of chicken, but otherwise we come out of this with nothing but a $700 billion giveaway to a crooked industry.
I think it says a lot of bad things about our society that we would consider anything that is acceptable to the industry. They failed. They should be punished. I propose a list of things that should be imposed on all companies that accept money in this crises.
- All CEOs, CFOs, and CEO's should be fired without any further compensation. Including past executives.
- All salaries are capped at $165,000 the amount a US Senator makes.
- Companies will stop all lobbying efforts while they are being bailed out.
- They will stop paying for any employee's social club dues. Including past employees
- They will stop paying for any employee's golf club membership. Including past employees.
- All corporate jets will be sold. Leases will be ended. Fly coach.
- All limousines will be sold. All employees will be expected to get to work on their own.
- All art that is worth more than a thousand dollars will be sold.
- All resort properties will be sold.
- No dividends payed until the tax payers get their money back.
They want our money, they should get a very bitter pill, if they take it.
Update: To be clear the monies from the sale items are to go to the tax payers.
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