So after months of build up and weeks of hand-wringing we here that Wall Street may just tough it out. “Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants.”
Well you don’t say. This is what happens when socialism getsshoved down the throats of capitalists. They will vomit it up.
“One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning ‘golden parachutes’ for executives.
Sources close to Goldman Sachs and Merrill Lynch indicated the banks might choose not to participate in the bail-out as there is a growing view on Wall Street that the market may be bottoming out.”
Interesting, Wall Street held up the American Taxpayers and now theysay we may not need it. The sky is falling mentality of Congresswas just outrageous last week. The crisis was created by Wall Streetin conjunction with Fannie Mae, Freddie Mac and several high rankingdemocrats – Yes Barney Frank I mean you. The greed, corruptionand outright raping & pillaging cannot just be swept under the rug.
These firms are in for an even harder spanking and a very rude awakening.
You can only cry wolf so many times before you get eaten.
People who are thinking of re-voting for the democrats who let thisproblem fester are part of the problem.