Reflecting upon the widespread misery of the Great Depression, precipitated by the rampant greed of speculators, Herbert Hoover concluded that, "There are crimes far worse than murder for which men should be reviled and punished."
This week, the Wall Street pirates are begging to dump their toxic, fetid waste into the taxpayers' collective lap. Some of our Congressmen, echoing our disgust and contempt, are demanding a morale-boosting quid pro quo. Through them, we want to cut the strings of the golden parachutes, quash the bonuses, and bring the salaries down from the stratosphere. Executive compensation is an issue!
And all week we have heard the mealy-mouthed pundits and Wall Street analysts warn us that, if we rein in executive compensation, the big wigs may not participate in the bail out plan.
Well, if they won't participate, we should do as President Hoover suggested. Line them all up on Wall Street and execute them. A few hundred corpses might serve as a salutary example incentiving the rest to play ball.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment