"John" wrote in message
...
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.