Quote:
Originally Posted by mykalberta
Hahahahhaahha. If he means total compensation limited to 500k then it must be true what they say, living in the White House does kill brain cells.
Why dont we land on Mars and eat all the green cheese.
One of two things will happen.
1: Companies will not accept the bailout and instead declare bankruptcy there by getting rid of bad debt and unpaid recievables at pennies on the dollar.
2: These companies will implode as everyone worth running these things will take thier previously gained profits and start their own investment banks.
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I fail to see why either of these options are bad. Let the companies reject the bailout funds. Better yet, let the CEO's quit and get some people with fresh thinking in there.
Someone forgot to tell me that $500,000 isn't a lot of money to approve decisions others have already figured out.