tag:blogger.com,1999:blog-14162253.post4594482006827835681..comments2024-03-27T08:39:28.807-06:00Comments on Wash Park Prophet: Markets Choke On Bailout BillAndrew Oh-Willekehttp://www.blogger.com/profile/02537151821869153861noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-14162253.post-7128711912111873682008-10-06T14:58:00.000-06:002008-10-06T14:58:00.000-06:00"I had heard that the bank CEOs were going to decl..."I had heard that the bank CEOs were going to decline to sell troubled assets to the Fed because it would require them to relinquish their golden parachutes."<BR/><BR/>Perhaps the shareholders can sue the CEOs for breach of fiduciary duty in that case, and make an even larger recovery from the executives.Andrew Oh-Willekehttps://www.blogger.com/profile/02537151821869153861noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-84061115047198946922008-10-06T14:17:00.000-06:002008-10-06T14:17:00.000-06:00This bailout is just one more example of the indiv...This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? We could do twice as much good for the economy by giving half as much money directly to hardworking American taxpayers. A bird in the hand is worth two in the bush administration.Dr. John Maszkahttps://www.blogger.com/profile/16905393599292676151noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-4569054053648380362008-10-06T13:47:00.000-06:002008-10-06T13:47:00.000-06:00I had heard that the bank CEOs were going to decli...I had heard that the bank CEOs were going to decline to sell troubled assets to the Fed because it would require them to relinquish their golden parachutes.Michael Malakhttps://www.blogger.com/profile/10007582156392845677noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-29033042981353807862008-10-06T13:25:00.000-06:002008-10-06T13:25:00.000-06:00Only if you sell your house.Only if you sell your house.Andrew Oh-Willekehttps://www.blogger.com/profile/02537151821869153861noreply@blogger.comtag:blogger.com,1999:blog-14162253.post-3509190299524474532008-10-06T12:50:00.000-06:002008-10-06T12:50:00.000-06:00I was skeptical of the bail-out bill for many of t...I was skeptical of the bail-out bill for many of the same reasons highlighted by the press: it was rushed, it gives the executive branch unprecedented authority, it costs seven bleeping hundred bleeping billion bleeping dollars (I guess it's actually over $800 billion now), it seems to reward bad behavior, and (most importantly) its effectiveness is not clear.<BR/><BR/>With the stock market erasing close to a trillion dollars of value in a single day, this intervention may be essential, but I don't feel like the case has been made. The message, starting with the original three-page bill, seems to be: trust Paulson. I don't.<BR/><BR/>As a tax payer, investor, and home owner, I'm very anxious. The bail-out bill costs thousands of dollars per household. The market swings (down over seven percent so far today) show up as dizzying drops in my mutual fund balance. Am I going to take a hit when I sell my house too?Anonymousnoreply@blogger.com