[dirtboy]

One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning 'golden parachutes' for executives.

Greed all the way to the end. They would rather tank their bank to get their $25 mil severance than take the bailout.

[Daffynition]

Yes, a given. OTOH, the government running anything, including this bailout, ends up in a disaster. Neither Wall St or Main St need another leviathan.

[Fox_Mulder77]

And John McCain supported this crap!! “Maverick” my @ss

[gusopol3]

Analysts also believe that the mere presence of the government as buyer of last resort will be enough to get credit markets moving again, and that a large number of banks would not need to take part for the legislation to succeed.

this makes more sense to me

[jimbo123]

The forward-thinking financial firms need to make major personnel cuts and business realignments to restructure for the future. Not taking the bailout funds will make this easier.

The bailout funds will go to the institutions that are on the verge of going out of business and have nothing to lose with the strings that are attached.

[TrueFact]

I have no clue what reality is with this economic mess but I have been intriged by Newt and others who say that the banks that created this mess should be allowed to fail because capitalism allows for failure as much as for success. Wouldn’t it be hilarious if the sheeple said “enough” and businesses said “enough” -—and Congress got completely sidelined!! That would be just gleeful. Take our government back!!!!

[theBuckwheat]

Sorry, this doesn’t wash with me.

Economist and professor Donald Boudreaux wrote a delightful comeback to this charge on the Cafe Hayek blog:

Saying that “greed” caused today’s problems is like saying that gravity caused the death of someone pushed from the top floor of the Empire State building. Some things are sufficiently constant in human affairs - and self-interest, even greed, is among them - that they explain nothing.

see:

http://cafehayek.typepad.com/

[savedbygrace]

We all have to sacrifice for the good of the nation.

So, if they’re not going to take the money, I will.

You’ll thank me later.

[JEH_Boston]

Greed all the way to the end. They would rather tank their bank to get their $25 mil severance than take the bailout.

And the problem with that would be....?
Weren't we, not so long ago, saying that it would be best to let the Market tank and build itself back up with solid companies?