AIG: $1 Salary For CEO

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The CEOs and executives of all the failing companies should be held responsible and accountable for the financial fiasco they caused through their neglect and criminal behavior. Criminals they are, unfortunately, because they are multi-millionaires and buddies of the Bush Administration they continue in their positions and this is why there is a great lack of confidence in the so-called "free market" and in particular Wall Street.
The educated asses or Wall Street tycoons should be arrested, fined and forced to pay their fair share of this disaster. They are the culprits and cause of the financial doom of the nation and should not be allowed to walk around free of criminals charges. At least tar and feather them, the nation would feel better if they were treated like the criminals and pariahs that they are.

Ann of 3:25PM November 25, 2008

My analysis is not fully formed but our society is awfully confused. We have no sense of fairness nor balance. We will put a person behind bars for years for harming himself and perhaps several others for years and years for using illegal drugs but when highly educated people destroy the lives of hundreds and even hundreds of thousands of people, they are allowed to continue to work and face no jail time at all. They often continue to be paid. The financial industry has failed us miserably as has the congressional committees charged with oversight and many of these same people are positions of doling out huge sums of money to those who have failed and harmed us. It is an incredible parody of justice.
The assessment of harm needs to include the impact that these folks have caused to society and in fact upon the globe. The creation of credit default swaps and other instruments had only goal to take someone else's money without providing any other goods or service. Certainly economists and those in the financial sector begin immediately throwing out terms such as "efficiency" and "liquidity' but in the end. it was all about taking someone else's money in such a byzantine fashion that most were unclear as to exactlt what was happening. You may laugh at these words but these folks only hope for eternity is that there is no God, no higher being, because many of these financial hijinks have been as deadly and as malicious as murder.

Art of CT 1:53PM November 25, 2008