The CEO's Didn't get Hurt...

[Erich]

Here is the 2005-2007 income of the CEO's of companies asking for Govt for "Bailout"

Charles Prince CitiGroup- $41 Million
G. Kennedy Thompson, Wachovia $16 million
Kerry Killinger, Washington Mutual $36 Million
Stan O'Neal, Merrill Lynch $66 Million
Martin Sullivan, American International Group $25.4 Million
Richard Fuld. Lehman Bros $186.5 million
James Cayne, Bear Stearns $42.3 million
Richard Syron Freddie Mac $12.9 million
Daniel Mudd Fannie Mae $11.6 million
Angelo Mozilo, Countrywide Financial $361.7 million

Every single one of these guys should be either indicted or else the govt should seize their assets to help pay for the cost of Govt Intervention...

Erich

[Erich]

I just heard someone on the radio say that the govt could payoff all taxpayers mortgages up to $75,000... with the $700 Billion

That would make more sense to me than bailing out big business

Erich

[Roy]

$700 billion is a lot of money, but it is only $2,295 per persons for 305 million people. That mean a family of 4 shares would be $9,180. That is still a lot of money for each family.

I believe whatever the government does will only delay the inevitable outcome of the world economic (the US is not in a world by itself anymore). The near future will be hard on a lot of people, maybe not as bad as the 1930’s, but it will be bad in the short run, but we should overcome the hard time. But, once it over we can start refresh.

Roy

Just an opinion, the world never been here before.

[Erich]

Roy

I believe the talk show host was referring to people who actually have outstanding home mortgages.... I also think they were referring to $75,000 paid out with interest over 30 years which would be a significantly less payoff today.

If your numbers are right and govt would rebate every family of 4 $9100.00 our economy would skyrocket overnite.

The bottom line is with the Money already spent along with the proposed $700 Billion... we are talking about $1.3 Trillion dollars to bailout BIG BUSINESS... who pay CEO's and other top executives hundreds of millions. I say let the chips fall and we will dig ourselves out of this just like every other "crisis" in our past...

Erich