[Hank Paulson's plan] made no demands that any financial executives sacrifice pay or bonuses despite having driven their firms and wider economy to the point of bankruptcy. He does not want the government to provide new bank capital to help recapitalise a bust banking system. Instead, he wants the government to buy their toxic debt and so leave the banks unreformed. On top he wanted complete discretion to act as he chose without any oversight.
And this is the man who originaly designed the bailout plan ? This guy obviously doesn't want to save the US & world economy, he wants to save Wall Street first and go on like nothing happened. Why him ?!
Since we're not going after the politicans who "encouraged" the no-money-down loans and took campaign contributions from Fannie and Freddie, it's unclear why you're upset that the financial execs aren't taking a hit.
If you're renting because you couldn't afford to buy or you bought what you could afford, should you pay to keep people in houses that they can't afford?
They should be out of their houses. They are lucky to have lived in such houses in the first place. Also, those that acted improperly should be brought to justice. New rules should be in place to stop this from happening again. The greed and vice that led to this won't go away with the bail out. Power is all too abused.
And this is the man who originaly designed the bailout plan ? This guy obviously doesn't want to save the US & world economy, he wants to save Wall Street first and go on like nothing happened. Why him ?!