Monday, March 16, 2009

Real Crooks

Who are the real thieves? Bernard Madoff admitted his crimes. He was a nasty con artist, but at least he is finally owning up to his deeds.

On the contrary, these stubborn finance folk have seriously lost their way. They are stubborn to a point that outsiders simply cannot understand. A bonus should be a reward for a job well done. So even under normal circumstances, the bankers that caused this economic turmoil, have failed in their profession. Hence, they should not receive a bonus. It is simple logic: fail = no bonus. Compound that with the current situation, where taxpayer dollars were used to save the company and their jobs. Should that money be used to give out a reward for a job not done?

Some argue that the bankers are the only ones who can get us out of this mess, and because of that they should be treated well. That sounds almost as if the finance industry is now holding the world hostage. If we don't pony up a juicy bonus for them, they'll throw the economy into further turmoil.

This makes no sense. The real thieves of America have shown their faces, and people certainly have the right to be mad about it.

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