Wall Street has already taken too much away from the taxpayers. It’s time to demand that any present and future plans for bailouts at our expense should mean no more freebies for Wall Street. If banks and other institutions made bad investments, then shareholders and executives need to be accountable before we hand them any more money. As far as I know, none of the lenders who were handed the last huge batch of money during George Bush’s final days in office have disclosed where this money has gone.
This time around, we’ve got to ask for more. We taxpayers should be getting a decent return on our loans to private industry. We all need to contact our representatives to make sure they hear us.
This article appears in Mar 12-19, 2009.