Comments on: No Good Deed Goes Unpunished as Banks Seek Profits From Bailout http://www.lawrencegmcdonald.com/2010/01/no-good-deed-goes-unpunished-as-banks-seek-profits-from-bailout/ This is the official website for the best selling author of "A Colossal Failure of Common Sense." Fri, 30 Jul 2010 08:43:36 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: John M. Switlik http://www.lawrencegmcdonald.com/2010/01/no-good-deed-goes-unpunished-as-banks-seek-profits-from-bailout/comment-page-1/#comment-1321 John M. Switlik Wed, 20 Jan 2010 14:34:02 +0000 http://www.lawrencegmcdonald.com/?p=1217#comment-1321 The gains are ill-begotten, and giving 'rewards' just perpetuates the 'myth' that the folks involved in the shenanigans are our best and brightest. We ought to have nationalized these guys last year and would have learned a lot. Any mistakes from such a move would pail in comparison to what we're seeing: (imagine the gall) to pay bonuses on phantom gains), not supporting Main Street, essentially playing games with our money, sacking the savers, and much more. What to do? Gosh, if Big Ben and Timmy can't find a way, what can the lowly citizen do? Looks like the Massachusetts citizenry might have shown some sense. What about term limits, for one? What about disallowing financial lobbyists, for another? What about drafting the best and brightest? We need to find our backbone and core values. That implies infrastructure, including finance. And, limiting out-housing of our capabilities. The gains are ill-begotten, and giving ‘rewards’ just perpetuates the ‘myth’ that the folks involved in the shenanigans are our best and brightest.

We ought to have nationalized these guys last year and would have learned a lot. Any mistakes from such a move would pail in comparison to what we’re seeing: (imagine the gall) to pay bonuses on phantom gains), not supporting Main Street, essentially playing games with our money, sacking the savers, and much more.

What to do? Gosh, if Big Ben and Timmy can’t find a way, what can the lowly citizen do?

Looks like the Massachusetts citizenry might have shown some sense. What about term limits, for one? What about disallowing financial lobbyists, for another? What about drafting the best and brightest?

We need to find our backbone and core values. That implies infrastructure, including finance. And, limiting out-housing of our capabilities.

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