Congratulations! You Now Own An Insurance Company...

…..and an investment bank, a major brokerage house, a mortgage company…anything else?

Oh, yeah…a TON of terrible loans. The government bailout of AIG and everyone else it seems is troubling--to say the least.

Now I’m not saying we shouldn’t have bailed out these institutions, but how are the CEO’s getting a free ride? The proverbial “golden parachute” for some of these criminals is north of $150 MILLION dollars!!! That’s ONE person, in each company, who tanked their firm, someone who is responsible for people losing their homes and tens of millions in value lost for millions of Americans in their investments---and they get a “exit package” that would be enough to send a thousand “average” Americans into a cushy retirement.

Where is the fairness here?

I don’t understand the issues well enough to assess blame, but there are people who KNEW what they were doing was risky…..and they did it anyway. Greed was the motive. Personal greed—and the perceived ability to bury their poor judgment in the complexity of the financial marketplace.

Whether you want to blame Congress, the President, the CEO’s the Regulatory agencies-or all of the above, the important thing now is to completely restructure the financial system to insure nothing of the kind EVER happens again.

The future of our country—and what our children will inherit—depends on it!