Freemason
03-11-2009, 06:02 AM
The list of demands keeps getting longer.
U.S. banks may pay dearly for government aid - International Herald Tribune (http://www.iht.com/articles/2009/03/10/business/banks.php)
U.S. financial institutions that are getting government bailout funds have been told to put off evictions and modify mortgages for distressed homeowners. They must let shareholders vote on executive pay packages. They must lower dividends, cancel employee training and morale-boosting exercises, and withdraw job offers to foreign citizens.
This is just an example of what happens when the/a government gets involved. Of course, the banks went to the government with their cups and it is to late to return the money.
My question is, why isn't and or when will B. Frank and C. Dodd be forced to answer some tough questions about their roles in this issue?
U.S. banks may pay dearly for government aid - International Herald Tribune (http://www.iht.com/articles/2009/03/10/business/banks.php)
U.S. financial institutions that are getting government bailout funds have been told to put off evictions and modify mortgages for distressed homeowners. They must let shareholders vote on executive pay packages. They must lower dividends, cancel employee training and morale-boosting exercises, and withdraw job offers to foreign citizens.
This is just an example of what happens when the/a government gets involved. Of course, the banks went to the government with their cups and it is to late to return the money.
My question is, why isn't and or when will B. Frank and C. Dodd be forced to answer some tough questions about their roles in this issue?