Talk of The Villages Florida - View Single Post - More Auto Bailout Stuff
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Old 11-20-2008, 09:08 AM
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Originally Posted by GMONEY View Post
If you give them the money, you got to make changes. Change the whole structure of the company. You can not have the same exec's in charge after such a deal takes place. Watching the news yesterday and seeing the Exec's fly to DC on Company Jets is not a good thing to do when your in the hole and need money. I wonder how much more that put them down. Take away the jets, the limos, the Exec Conference Rooms and Breakrooms, and Get-A-ways. Stop all that. Take all stock options and confiscate their holdings to help pay for this mess. That is what America is seeing, they want the bail out but also want to keep all that is GOLDEN. That cant happen!!!!! Need to make a change, so start from the top. Why lay off the workers that are trying to make the darn cars and give the SUITS they Golden Nest Egg at our expense. I am not wasting time trying to figure out the Million Dollar way of stating this. JUST DO WHAT NEEDS TO BE DONE, AND DO IT RIGHT!!!!
The problem is, they can huff and puff all they want at Congressional hearings (Auto execs and congressfolk), but the reality is, the federal government does not have any way to enforce any restructuring demand other than Bankruptcy Court. There is no federal agency structured to oversee these "bailout" situations, and Congress doesn't have the staffing to do it either. So, how would the fed enforce any proviso to cash-giving?