News 2 Me

http://www.msnbc.msn.com/id/29733519?GT1=43001

I like Senator Charles Grassley’s toughness in his rhetoric. AIG took billions from the government to save itself, and a portion of it actually went to bonuses for executives? Was it either have that portion go to the executives directly or put in in the fund for more private jets? This is the same audacity that I could not believe a few months ago with the automobile industry. Senator Grassley is outraged, saying, “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.” Of course it is rhetoric, and I do not believe the man has to apologize for his statement. I would hope people could recognize rhetoric and threats as different.

I still agree that this nonsense has to stop. Apologizing when you get caught just does not cut it. Other banks and companies will still try some corrupt schemes to get a little extra from the government just to profit certain individuals directly, not the company as a whole to keep it alive. When they do get caught, a simple apology is it? The government will force them to give back some of the money? I just do not think it is enough. Force these corrupt individuals to resign. I know this may cripple some companies, but it will be better to get people above corruption into these spots or stress to those already in these spots that they must not fool around with money given to them at this time. Now is not the time for companies in trouble to profit anyway they can, but to work with the government and public to stay alive.