Banking

Moral Bailouts

The sight of the CEO's of GM, Ford and Chrysler asking the Untied States Congress for 25 Billion dollars in aid as they flew to Washington on their private corporate jets highlighted the moral crisis which continues to wreak so much financial havoc. The never ending stream of recipients of big fat bonuses, whose ingenuity in creating new financial products is at the root of our predicament, begging for handouts while the hard working labourer faces job losses, home foreclosures and higher taxes down the road.
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