Monday, September 22, 2008

CEOs won't take paycuts even to save the world they admit they destroyed.

Wall Street CEOs want 1-2 trillion dollars (or more) from all of us to keep the Entire World from entering a Great Depression by the end of ... ummm ... tomorrow, or something.

At least that's what U.S. Treasury Secretary Hank Paulson and his Boss Chimp says.

But Paulson also says it would be unfair to place any limits on the salaries and bonuses of Wall Street CEOs whose firms receive this 1-2 trillion dollars (or more) of our money which is not theirs:

“If we design it so it’s punitive and so institutions aren’t going to participate, this won’t work the way we need it to work,” Mr. Paulson said on “Fox News Sunday.”

How Live Aid of them.

http://www.nytimes.com/2008/09/22/business/22paulson.html?pagewanted=2&_r=1&hp

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