that's all i've heard about the last few days.... U.S. taxpayers paying for these CEOs fuck ups while they still draw their multimillion dollar pay checks.......... IS THE WHOLE FUCKIN WORLD INSANE??????? maybe it's just me...

The Gov't and the Banks caused the problem . Now they say they are going to cure the problem !! If you believe that you believe in the tooth fairy !

I cant believe the people who made the problem should be paid.They made all these bad loans and now think we should pay them?they should be prosecuted.

The only folks I've heard that think this is a good idea are the exact ones who caused the problems in the first place. It's a Socialist solution--somebody other than the earners of the money is gonna benefit. Grassfire has a site to send faxes to the President and your congressman and senators urging that they not approve this bailout.
http://www.grassfire.org/11097/offer.asp?Ref_ID=1781&CID=242&RID=13636526
http://grassfire.org/

It's now become a political instead of financial decision !
They're looking for profit to. NY Senator Schumer has made more from Fannie-Mae than any other senator !

I think it is another ill-conceived band-aid.

They need to create a list like the photos in U.S. Post Offices or the FBI Most Wanted List showing the ten most ignorant CEOs, confiscate their assets to help repay losses, provide them some jail time, and see that they are never allowed to handle other peoples' money again.

Since the ENRON days companies have been creating all these "corporate governance" rules that are imposed on employees to ensure that everyone states in writing that they are unaware of any illegal or unethical practices going on in the company. The claim is that this is being done to "protect" us. In reality it is being done to protect the CEOs. It provides them deniability insulation....If nobody below them admitted to knowing anything, how could they (the CEO) been expected to know anything bad was going on. Obviously someone lied to them, and that person needs to be found and punished. CEOs aen't going to let the spotlight fall on them.

If you do provide information of wrong-doing that leads to the executive office or board of directors, you'll be asked to quietly leave the building.

One of my heroes is Sharon Watkins, the ENRON executive who tried to tell Kenneth Lay that an ethical cancer was eating the company up from the inside. They canned her for being brave. Asked later if she would do it all over again in the same circumstance, she said she wouldn't. Her experience taught her that she couldn't win, she said she should have just quit and moved on.

Personally, I think she would have stepped-up again. Your parents either gave you a strong moral compass or they didn't. Her parents are no doubt proud of her.

I think that should be taught to students in university business schools. Don't just walk away. Shine a light in that dark corner. Take the risk.

Back on the original subject ---

What spooked me yesterday was a comment that some money-market funds may be at risk and see values drop below the $1.00 norm. No place to run; no place to hide, if that starts happening.