Credit Debt

I am very disgusted with the way the CEOs of the very companies that were bailed out with government funds have given themselves billions of dollars of bonuses out of that bailout money. There should have been oversight with these funds. Paulson just handed it out wholesale with little or no oversight. Some firms cannot even say where the money has gone. All we do know is that the banks are not making loans. So the reason for the bailout hasn't worked.

The CEO bonuses are unethical and downright criminal. Bonuses should be rewards paid for good productive work. If these people had done good productive work, their companies wouldn't have failed and needed the bailout.

I agree no CEO should be making more than the president, who makes $400,000 a year. Who on earth needs more than that anyhow?

This is borrowed money. Furthermore our children and grandchildren will be repaying these loans. After all of our allies loaned as much as they could, we started borrowing from Red China. We will be very lucky if China doesn't decide to call in their loans. China is one of the very few countries that actually has savings. Here in America, we have been living on borrowed money for years. Not just the government and businesses but also families live on credit card debt and buy things they cannot afford on credit.

I want to know of just one individual family that has been helped by this bailout. Banks and big business have received billions in assistance but individuals continue to suffer as layoffs continue and unemployment runs out..

The entire problem with capitalism is the unfairness of the compensation. It is, as I have said before, greed driven. The rich get richer and the poor get poorer and the middle class disappears.