Bailout? How about immediately lowering credit cards rates to 5 percent and let the real estate brokers, the credit rating agencies, and the banks take on the debt and adjust their ill-begotten gains accordingly? That's one way for the average family to pay off their debts and get back to the business of living!
NED BOBKOFF, GREECE
Comments for "BAILOUT: Let the perps pay the debt" (1)
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Louis Richards said on Oct. 22, 2008 at 1:06pm
I believe that members of Boards of Directors should have a greater personal stake, personal responsibility & risk in those companies that they serve. It is not just a 'privilege' to serve on a board, it is also a 'responsibility'.
If a company loses the assets of the 'little people' who works for that company, that loss should be replaced out of the personal pockets of the members of the board of directors.
America would benefit from tying personal responsibility/accountability to financial responsibility/accountability.
It will never happen, but I like to think it should.
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