On Jan 23, 2009, at 6:24 AM, Julio Huato wrote:
Again, propping up banks doesn't mean to reward the bankers. As I said in my reply to Shane Mage, there's no disagreement on that.
Yes there is. That *you* don't want to "reward" the executives, owners, and bondholders has nothing to do with the fact that the bailout rewards them by allowing them to keep their fraudulent "profit"-and-buyback-based bonuses and salaries amounting to tens, maybe hundreds of billions over the bubble years; to go on or resume paying dividends; to restore depreciated bonds to par value.
Shane Mage
This cosmos did none of gods or men make, but it always was and is and shall be: an everlasting fire, kindling in measures and going out in measures." Herakleitos of Ephesos
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