Monday, September 14, 2009

A stroke of brilliance!

Obama is finally on track.

Although the entire world was caught with our collective pants down
one year ago, we have been "educated".

Obama's most recent proposals put our greedy banksters on notice
that there will be No More Bailouts! Any further gambling with
risky investments will fall squarely on the individual banks involved,
their officers and their shareholders. In other words, those who stand
to gain the most NOW stand to lose the most.

Life is now somewhat in balance. Should a bank CEO lead his cronies
off a cliff, with shareholder approval, then they all take the plunge together.
Shareholders will now have a say in the egregious bonuses paid to
CEOs on short-term, often unsustainable, profits. Masterminds
of previous disasters still employed, which includes most bank CEOs,
will no longer have the benefit of the most self serving compensation
policy ever designed... the "when the bank wins, I win huge and if
the bank loses I still win" policy.

It only took a year and the loss of 13 trillion in national equity to
effect this change.

Hopefully this and more changes to come will prevent another world
disaster like the one we are still digging out from under.



For more blogs from Bob just visit I Love Grants Pass and search for parmsplace.

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