"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.

"Canuck57" wrote in message
...

"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.



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

Eisboch

"Eisboch" wrote in message
...

"Canuck57" wrote in message
...

"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.



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.

Canuck57 wrote:
"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.

Jailing all officers of the bank. And I do mean officers of the bank.

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).

All BOD, presidents, VPs, and directors stock options and bonuses are
subject to a 5 year review and a truly independent auditor and then they
are paid. Freaking GM used to appoint the same freaking accounting firm
as their independent auditors for the freaking 50th year in a row.

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?

Give him a limo ride to a to an all inclusive vacation at the nearest
maximum security state facility.

BAR wrote:
Canuck57 wrote:
"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.

Jailing all officers of the bank. And I do mean officers of the bank.

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).

All BOD, presidents, VPs, and directors stock options and bonuses are
subject to a 5 year review and a truly independent auditor and then they
are paid. Freaking GM used to appoint the same freaking accounting firm
as their independent auditors for the freaking 50th year in a row.

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?

Give him a limo ride to a to an all inclusive vacation at the nearest
maximum security state facility.


Isn't it interesting how you and I share many of the same feelings about
corporations and corporate execs. Does that worry you? :)

Boater wrote:
BAR wrote:
Canuck57 wrote:
"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.

Jailing all officers of the bank. And I do mean officers of the bank.

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).

All BOD, presidents, VPs, and directors stock options and bonuses are
subject to a 5 year review and a truly independent auditor and then
they are paid. Freaking GM used to appoint the same freaking
accounting firm as their independent auditors for the freaking 50th
year in a row.

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?

Give him a limo ride to a to an all inclusive vacation at the nearest
maximum security state facility.


Isn't it interesting how you and I share many of the same feelings about
corporations and corporate execs. Does that worry you? :)


I am for personal responsibility at all levels. If you are being paid to
do a job you should do the job to the best of your abilities. If those
abilities are not good enough then you should be replaced. I don't care
if you are a union employee or not, I don't care if you have an
employment contract or not. If you don't perform you don't have a job.

On Thu, 18 Dec 2008 08:16:54 -0500, BAR wrote:


I am for personal responsibility at all levels. If you are being paid to
do a job you should do the job to the best of your abilities. If those
abilities are not good enough then you should be replaced. I don't care
if you are a union employee or not, I don't care if you have an
employment contract or not. If you don't perform you don't have a job.

Keep watching over your shoulder. The young hot-shot may not be gaining,
but he is cheaper.

wrote:
On Thu, 18 Dec 2008 08:16:54 -0500, BAR wrote:


I am for personal responsibility at all levels. If you are being paid to
do a job you should do the job to the best of your abilities. If those
abilities are not good enough then you should be replaced. I don't care
if you are a union employee or not, I don't care if you have an
employment contract or not. If you don't perform you don't have a job.

Keep watching over your shoulder. The young hot-shot may not be gaining,
but he is cheaper.

Unless he works in a low cost geographic region he isn't going to get
hired.

"BAR" wrote in message
...
Canuck57 wrote:
"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.

Jailing all officers of the bank. And I do mean officers of the bank.

Good point. The SEC should be hiring 5000 auditors and prosecutors right
about now. Getting them trained up to go after the fraud that has gone on.
The billions GM Chrsylser want is better spent in prosecuting corruption and
incompetance.

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).

All BOD, presidents, VPs, and directors stock options and bonuses are
subject to a 5 year review and a truly independent auditor and then they
are paid. Freaking GM used to appoint the same freaking accounting firm as
their independent auditors for the freaking 50th year in a row.

Agreed. Call it "Pump and bail" adjustments. No other auditor would touch
GM or Chrysler until chapter 11 where I suspect some real ghosts will come
to light.

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?

Give him a limo ride to a to an all inclusive vacation at the nearest
maximum security state facility.

Agreed. Forget white collar golf clubs. These crooks need some harder
time.

Canuck57 wrote:
"BAR" wrote in message
...
Canuck57 wrote:
"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.
Jailing all officers of the bank. And I do mean officers of the bank.

Good point. The SEC should be hiring 5000 auditors and prosecutors right
about now. Getting them trained up to go after the fraud that has gone on.
The billions GM Chrsylser want is better spent in prosecuting corruption and
incompetance.

When I got my first mortgage the guy making the loan pointed out to me
that he was an "officer" of the bank. I responded "oh." I didn't bother
telling him that anyone with a college degree and an IQ above room
temperature working at a bank is made an "officer" of the bank.