"Eisboch" wrote in message
...

"Canuck57" wrote in message
...

"John" wrote in message
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On Wed, 17 Dec 2008 18:43:22 -0500, Boater
wrote:

...nothing. Just another cut'n'paste.
--

John Salmonbait

It is. But I was thinking the other day this bank bailout is a farce.

Why not do it this way. Pass a legislation that a bank MUST pay it's
debts and creditors or face immediate liquifaction. Special chapter 7a
if you will.

Absorb the bank, firing all senior management and board with cause.

Bail out ONLY depositors of insured cash accounts and that is it. Share
holders, bond holders, etc. get zip. Reverse all severance packages,
bonuses and the like for the last 2 years if over $10,000. Re-adjust the
pensions if needed (likely in the toilet).

Wouldn't it be funny to see a CEO's face say that say retired 3 years ago
now get a check for $33K instead of $2M?

Without debt, repackage the bank with a new management and new rules.

Anyone who exibits passive resistance to the bailout Czar can get up to
30 years in jail and fined $100% of their net worth.

Time to get rough with these frauds.



I like your style.
Now, please point to a Congress critter with the gonads to propose your
plan.

Eisboch

Do you know of an honest Congress person? We could forward it to them. But
I fear they are quiety negotiating away tax payers cash. They have gone
closed door with negotiations. The silence is "preperation" of the public
to look like they are hard balling when in fact it was a given all along.

People need to take note of their senator or congress person's possition and
vote accordingly.