If it were up to me, whatever passes, this or a guaranty of some sort, the takers must share the pain. I would put all of the executives on a govenment level payroll. No more multimillion dollar salaries — $200K or so. No dividends to stockholders. A hold on stock options.
The people running these companies should make millions while taxpayers are at risk, and their shareholders should also take a hit. If they can repay the money, I don’t care if they pay their executives $1 billion a year, but not if they are playing with OUR MONEY.
should NOT make millions, make that. Me <————doofed it.
But I suspect that there will be a turnover of the executives in these companies. They will need a new crop to deal with the new issues. I don't have any problem denying severance to departing CEO's who were part of the mess.
But how will you attract CEO's of talent on $200,000/yr.? That doesn't even pay their property tax.
The one thing we are going to want is for these companies to function well with good talent if we need them to move houses again which is the point of the plan.