Am I reading that the Republicans are leaning towards Socialism? Let the federal government dicatate how much a person can earn? Heaven forbid an individual starts a business from ground zero, makes that business flourish, and makes millions because of it. So you're proposing ANYONE who becomes successful in whatever business endeavor they get involved in, that they have a limit on how much personal income they can earn? Or do you just want to punish the one's the government bails out? Sorry to say, but when a business gets as large as a Lehman Brothers, Chase Bank, Washinton Mutual, AGI, pick one, it's not a single person that's making each and every decision. Go look at an Org Chart of any of those institutions, and see how far down it goes. It's your typical Pyramid Principal. The guy at the top is just fortunate enough to get a piece of everyone else's pie.
How many of the failures were intentional? Are we saying that all these banks that handed out these loans are just like an Enron? Kenneth Lay and the Enron Board deserved what they got because they maliciously and intentionally deceived their stock holders for the sole purpose of nothing more than personal gain. Many of these banks were just riding the housing boom, and honestly thought they were distributing loans that would make their profits soar. The problem was they got greedy, and started handing out money to anyone that asked for it. What did they care? They had physical property as collateral that was increasing in value every day. OOPS. They didn't factor in the possibility that the real estate market would bottom out, and fall flat on its face. Then have the unemployment rate rise at the same time. OOPS. So now the Federal Government wants to get into the real estate market. What's gonna happen if the market stays a bust? Whose gonna pay those loans back?
