I am not clear on how this is going work, but it reads like the tax payers are going to back the banking melt down which in the short run may be an acceptable move. However I am absolutely not interested in paying out the CEO’s, CFO’s and other board members that managed the melt down. In fact I think the public should hold all of these executives accountable for thier collective dereliction of duty.
The depressing news will be all these board memebers and executives were educated in the ivey league system and will manage to find their next C level job getting paid millions. This is fine, but with such massive failures attached to their names you would think there is some sort of plenty.
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