Wednesday, October 1, 2008

This whole thing is BS

Now I don't usually rant to hardcore about anything to serious, usually it's silly non-sensical stuff that has no bearing on anything what so ever. Today I am going to change that. Today I am going to rant about this so called bail out, rescue or what ever they are calling it today. I understand that people need this to go through so no one loses there 401k or retirement. it's past the point of no return right now. BUT..... I was reading the news earlier and I saw this Article:

Congress wants to crack down on CEO mega-salaries for banks participating in the bailout. And while the politicians argue how best to do that, Alan Fishman of Washington Mutual is headed for the doors with $19 million in his pocket.
If that wasn't outrageous enough, consider this: Fishman started the job three weeks ago. I never saw the employment ad Fishman answered, but it must have read something like this:
WANTED: Top executive for train-wreck bank about to be seized by federal regulators. Must be able to look busy while FDIC sells business from under you. Previous experience with angry shareholders sitting on worthless stock a plus. Perks: $7.5 million hiring bonus and $11.6 million cash severance.

This is absolutely riduclous. How can a bank that has to be bought out because they were giving loans to people who had no business buying houses reward there employees? They were bought out because they were FAILING!! now they can go and pay this guy $19 million to not work? I am tired of having to bail people out with our tax dollars because people are not responsible enough to live within there means. This bank needs to be investigated (and from what i have read it is) along with all the other banks and investment firms who made Millions upon millions of dollars doing nothing but handing out bad loans. The people who have a financial interest in these groups need to be held accountable. Whether or not they are business men, Congressmen, Senators or just dumbass loan originators, EVERYONE is accountable and they all need to be taken down. republican, democrat. All of them. This bail out-rescue is going to effect everyone. Neither Candidate is going to be able to do anything about it and at some point someone will have to pay this money. i know that this sounds heartless and mean (you guys should be used to that from me by now) but if you can't afford your house then don't fucking buy it!! I do not feel that we should have to pay for other people not being able to pay there bills! Why do people live beyond there means? I don't get it. If you know you can only afford a $250,000 house why buy a $400,000 house? I have been reading all week about how people thought they would be okay because the bank approved it. Did you not know your Budget? Do you not know how much money you make? GIVE ME A BREAK! These people deserve to be foreclosed upon. I understand that some people lost there Jobs, became Sick or other things, but if you are losing your house because you cannot afford it? Thats your own damn problem and you deserve what you get. I Don't feel that I should have to pay for you. I have to pay my own bills. I understand that this has to pass, the economy will be even more in shambles if it doesn't, but someone has to hang. This is absolutely ridiculous. Sorry if you were expecting something light and fluffy reading this post, but i have had enough of this whole thing. BOTH parties need to figure it out, and make changes as to who is in charge of these committees and regulations. I'm tired of paying for idiots and dumbasses.

2 comments:

Nik said...

I thought your piece was both light and fluffy. Especially with the extra exclaimation points and capitalizations of words for emphasis... :)

And I totally agree. Yes there are circumstances like you mentioned of people losing their jobs or getting sick and having medical bills up the wazoo, but not everyone is in that predicament. The people that aren't are definitely at fault for biting off more then they can chew and we shouldn't be responsible for bailing them out.

It's rubbish. And the fact that executives still get their 'golden parachutes' is like a slap in the face to all of us tax payers.

Anonymous said...

I like your passion. I always do if you know what I mean :)