Bailout Fallout Continues

Black Monday all over again. Dow down. International stock markets down. And news the Wall Street may not take the $700 billion anyway? And why are our pals on the Street refusing the handout?

One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning 'golden parachutes' for executives.

Oversight and limiting financial rewards for failure seem to be too much for our executives. Better to stand alone, watch the company fail, and take the golden parachute.

I am beyond disgusted with the moguls of Wall Street. They think we taxpayers are nothing but rubes who cannot understand their plight. And the Congress that allowed this to happen needs to be voted out of office. We need real leaders who respond to the needs of the people for a change. Most of that bunch in DC are not thinking of anything but reelection and lining their own pockets these days.

Peace.