Bailouts galore!
Wow! The numbers they are now throwing around far surpass the original $700 billion.
I was having real problems wrapping my head around that number. Now the number is up to $7.4 Trillion. Our species never evolved to comprehend numbers like that.
Least I forget - No one knows where the money is going. It is secret! WTF?
Rumors abound that some of the money will go for executive bonus - to the very same executives who got us in this mess in the first place.
And it is unclear who should or will get bailed out. Why one bank and not the other? Why Wall Street but not Main Street?
So what can be done? I have a very simple rule that might help us decide who get bailed out and who doesn’t. At minimum, my simple rule will help reduce inequality and sort out those who are serious about working for the greater good and those who are only looking out for their personal self interest.
The rule:
No company can receive a bailout, loan, grant, contract, or conduct business with the federal government if the highest paid individual in the company earns more than 50 times the salary and compensation that the lowest paid individual in the organization earns.
What do you think?