privatizing the profit, socializing the debt

[El Blanco]

Hi ranx, nice to see you. You're an NAU fantacist. Not a shock.

That said, ya, this was a massive fuck up. Its strange how so many people said this was coming, yet no one took steps to stop it.

Its sad that the onyl company that even took one step to curb the whole multi-million dollar bonus issue was AIG a few months back. They became the first company to allow shareholders to vote on whether or not outgoing execs got their bonuses.

Of course, the current crop of execs weren't grand fathered in and it was too little too late.

You'd think the Enron/MCI/Tyco bullshit that went down would have pushed it along faster.