Ok, lets look at Geithner and Bernake. They for all intensive purposes are underpaid, by Wall street standards, civil servants. They essentially have no skin in the game except to try and turn the economy around.
They fired the head of GM because he failed his own company. They are trying behind the scenes in case you haven't noticed to unwind all the derivative crap out there.
Just about everyone who caused the bad behavior is gone and is now tarred and feathered or at least wearing a scarlet letter.
They are effectively pariahs in society. Rubin, Greenspan, the CEO of AIG, Weill, Prince, the CEOs of LEH, ML, BS etc.
Citi and AIG are combined $2T companies. We have lent them a total of $200B in an attempt to save not only the companies but the shareholders, us.
My question is given the choice what would you do? Pony up $200B or $2T?
Did you not read the Merchant of Venice? You want your pound of flesh and a drop of blood to go along with it.
I'm content to have them live the rest of their lives with the scarlett letter. I can look my son in the eye every day and he knows I earned my money honestly and I've never complained about paying taxes. Because if I don't pay them he will have to.
You and I caused this problem. We elected idiots like Gramm and Clinton who legislated the repeal of Glass Steagall. In essence we learned crap from our parents who lived through the depression.
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