Why are the people who've already suffered losing their investments due to the greed of corporations expected to throw even more money into a pit to save those companies? It's like giving money to a gambling addict.
Why aren't those executives having to bail out their own damn selves by selling off their second (or third) homes, multitudes of cars, etc.? Anyone else would have to, so why do they get to spend everyone else's money to oblivion, then expect those same people to rescue them.
There's been a scandal in the Dallas school district recently that's sort of a smaller scale of this. The DISD was spending money they didn't really have due to an "accounting error" of $64 million. As a result, they will be firing a lot of support staff, librarians, etc., and may possibly have to fire teachers.
The superintendent has said he won't resign, but he feels super bad about it and will take a 5% pay cut to help cover some of the shortfall. He made $379,050 in base salary last year, making his pay cut worth roughly $19,000. That's more than a lot of people earn in a year, so I'm not really feeling any of his pain here.
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Date: 2008-09-25 03:59 pm (UTC)Why aren't those executives having to bail out their own damn selves by selling off their second (or third) homes, multitudes of cars, etc.? Anyone else would have to, so why do they get to spend everyone else's money to oblivion, then expect those same people to rescue them.
There's been a scandal in the Dallas school district recently that's sort of a smaller scale of this. The DISD was spending money they didn't really have due to an "accounting error" of $64 million. As a result, they will be firing a lot of support staff, librarians, etc., and may possibly have to fire teachers.
The superintendent has said he won't resign, but he feels super bad about it and will take a 5% pay cut to help cover some of the shortfall. He made $379,050 in base salary last year, making his pay cut worth roughly $19,000. That's more than a lot of people earn in a year, so I'm not really feeling any of his pain here.