Comments on: Shake, rattle and roll: more on the current financial market crisis http://blog.microenterprisejournal.com/2008/09/23/shake-rattle-and-roll-more-on-the-current-financial-market-crisis/ Musings on Life, the Universe and microbusiness Mon, 15 Feb 2010 14:45:12 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Mary Schmidt http://blog.microenterprisejournal.com/2008/09/23/shake-rattle-and-roll-more-on-the-current-financial-market-crisis/comment-page-1/#comment-35691 Mary Schmidt Tue, 23 Sep 2008 19:28:59 +0000 http://blog.microenterprisejournal.com/?p=1183#comment-35691 What makes me feel like Alice in not-so-wonderfuland is that if we do this "bail-out" - we'll essentially be giving money to the people who caused the mess...then turning around and paying them to help us "solve" the mess. And it's the little people (once again) who will really get hurt - the receptionists, janitors, adminisitrators at Lehmans and the other firms. The "Masters of the Universe" will collect their bonuses and move on. Boggles the mind that the CEOS who fail so dismally can somehow still expect to be paid those obscene amounts of money. (Lehman's CEO worked out to about $17,000 an hour - to run the company into the ground.) Bull, bear, schmull and schmear. "Rape and Pillage" isn't the same as capitalism. What makes me feel like Alice in not-so-wonderfuland is that if we do this “bail-out” – we’ll essentially be giving money to the people who caused the mess…then turning around and paying them to help us “solve” the mess.

And it’s the little people (once again) who will really get hurt – the receptionists, janitors, adminisitrators at Lehmans and the other firms. The “Masters of the Universe” will collect their bonuses and move on. Boggles the mind that the CEOS who fail so dismally can somehow still expect to be paid those obscene amounts of money. (Lehman’s CEO worked out to about $17,000 an hour – to run the company into the ground.)

Bull, bear, schmull and schmear. “Rape and Pillage” isn’t the same as capitalism.

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