[quote=sdduuuude]No. Ron Paul’s KoolAid is sdduuuude flavored. Get it right 😉
So, kewp, you think we should bail out these banks or not ?[/quote]
Nope, no bail-outs. Let the market figure out how much these turds are worth.
I’ve worked in the private sector enough to know that businesses don’t fail because of lousy employees (they tend to get fired) but because of bad management.
And bad management tends to promote themselves and hire more bad management. The only solution is a good, old-fashioned purge.
I would only support a bailout under the following conditions.
1. Salary cap at 5X the lowest wage.
2. No dividends or bonuses until the taxpayers are paid back, with interest.
