My apologies if I wasn't clear in my post. I am not saying Wall Street is blameless in this mess.
My actual point, however, was that government had no business bailing them out. They should have been allowed to crash and burn. If government had stayed out of it, we now wouldn't be arguing about capping executive salaries.
As to the rest of your post about the world economy going down in flames, I really don't care. I'm a free-market guy and dems da breaks. Living by the sword and all that...
How ironic...you don’t care if the economy goes down in flames? Well I do...I am laid off as of April 1st-the tanking economy doesn’t just hurt Democrats you know. As for the free market, I used to believe in Santa Claus...he doesn’t exist either. Regardless of what the government should have done...the wall street banks were bailed out. Thus they are no longer free market entities until and if they repay the money.
Did you know...I heard this on Fox business that CEO money is tax deductible as are bonuses...so now I understand why they compensate people the way they do...avoid paying taxes...so we give them our tax money, and they will have a nice fat deduction coming their way....small business sure doesn’t get this sweetheart deal. I could not understand why the banks would have a compensation schedule that has nothing to do with how well their company is doing...this is not nor will ever be free market.