Gary KW4Z <kw4z@[EMAIL PROTECTED]
> wrote in
news:C351EBC0.202C9%kw4z@[EMAIL PROTECTED]
> On 11/3/07 1:33 AM, in article
> KKTWi.49072$q7.46743@[EMAIL PROTECTED]
"tango" <tango@[EMAIL PROTECTED]
>
> wrote:
>
>> Well we are back cutting interest rates to bail out Wall Street
>> financial Giants. These are companies who give million dollar bonuses
>> to execs and workers. Goldman Sachs gave billions in million dollar
>> bonuses last year. The current crisis was caused by none other than
>> the large financial institution being part of a lending scheme where
>> speculators bought expensive homes with no money down and in many
>> cases long term payments of interest payments only in order to make a
>> quick buck. Merrill Lynch's CEO decided housing values would not go
>> down and cost the company Billions of dollars in losses but was given
>> 161 million dollars to leave. Many of the loan companies who were in
>> the loan markets made variable rate low cost loans to people who they
>> knew would not be able to even understand the consequences of
>> variable rate loans. This was a case of crooks and village idiots
>> sharing the blame. So what happens, the Republican Wall street boys
>> call their buddy Georgie for the Federal Reserve to lower interest
>> rates to bail their sorry ***** out and you guessed it, they got it.
>> Inflation rates are spiraling upward and normally the Federal Reserve
>> raises interest rates to stop inflation but Bush is only interested
>> in protecting his wealthy friends and cor****ations.
>> Why does this matter to you and me, well over the last 6 months
>> grocery stores have steadily raised prices 15-20 percent. Mush of
>> this is not due to oil prices, but it is easy for cor****ation to
>> claim it is and get away with it.
>> Cor****ations with CEO's making 50 million dollar salaries get cheap
>> money to subsidize these huge salaries and not 1 job is created or
>> saved. Retired people end up getting little interest on their savings
>> so big cor****ations and executive salaries can be subsidized.
>> Better save your money for the recession the oil prices will create
>> in the next few months.
>> This is what the majority voted for so enjoy!
>
>
> There's also plenty of blame to go around on the boards themselves.
> Go figure Chrysler for instance. They hired and appointed a failing
> CEO head of their whole company who failed and was drummed out at Home
> Depot. He about ran Home Depot in the ground and reduced morale from
> a high to an all time low but once drummed out at Home Depot didn't
> stay unemployed very long, not that he didn't leave without his Golden
> Parachute but Chrysler was all too happy to scoop him up and now look
> at what's going on there.
>
>
I can't believe that a group of investors who want a company to succeed
would hire such a jerk.
Obviously they bought Chrysler to break it and sell the components and
needed a lowlife hatchet man to do the dirty work.
He only got around 150 million to leave Home Depot.
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