For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
Against: corporations, make-work, the 40 hour work week, intellectual property, imperialism, "homeland security," censorship
"You are going under. You are going to get nothing, well maybe a jail cell after our investigation. Now, we are going to bail you out under the condition that all contracts pertainly to employment and bonuses are null and void".
You will find post after post after post complaining about that.What surprises me just as much about people here, is that while there is much said about bank CEO”S getting paid their bonuses, it seems that no one is interested in two other companies that we gave even more money to, that haven't paid back one red cent of the money to bail them out, and are still calling for more money to be infused into them, yet their top people got their bonuses. Look up and see what it's cost us to bail out Fannie and Freddie.
Let's say I'm a slugger in MLB. My "job" is to hit home runs. We all know what the major league home run record is. If I could convince my team's owner that I could break that record (w/o "juicin' up", of course ) wouldn't it be in my best interest, as well as the team's AND MLB to have a provision placed in my contract that I get paid a bonus for breaking the record on top of my regular MLB salary?
Of course, that's the problem with these bank bonuses...lots of money was made but in unethical ways thereby bringing our nation's financial industry and our national economy nearly to its knees.
In hindsight, I really don't think they deserved their bonus money especially if it such funding comes at the taxpayer's expense and NOT directly from that financial institution's coffers.
Let's remember that having a mortgage where the lender is shaky gets waived off when the underlying asset keeps going up in value. It was only when housing prices started to go down that the s*** hit the fan.
But if you maintain that the Fed or anyone else had regulations in effect that could have stopped banks from issuing subprime loans, I would sure like to see them.