Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government's $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.

'There is a growing feeling that banks ... might instead decide to tough it out,' said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.

>snip

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.

'I think this hodge-podge of regulations and rules will be enough to put many [chief executives] off participating,' Caldwell said.


http://www.guardian.co.uk/business/2008/oc....street.bailout

Me too.

Actually, I've prefer we didn't crash in the first place so that parachutes of any kind are unnecessary.

But I guess we're all on the Hindenburg now. No point in arguing over a window seat.

We got 'legally' robbed.

Banks rob people now.

It's reverse Robin Hood.

I agree whole-heartedly!

Don't forget Supply Side Jesus!

Give me you money , Praise Jesus!

Jesus is probably rolling in his grave...oh....oops...