Yeah, the banks are (kinda) losing money. At least the taxpayers and investors are. The banks are holding out their hands and having them filled with bailouts, while sitting on the cash by not making loans, perpetuating the “crisis”. All the while, the CEOs are cahing in on HUGE salaries and exhorbitant bonuses. I for one, can’t seem to wrap my head around a company CEO making millions, collecting gigantic bonuses, resting on golden parachute retirements, even RAISING their salaries, while the company is falling apart around them. Where are the shareholders? How can these CEOs keep their jobs when they have clearly demonstrated a proficiency in incompetance? And I don’t want to hear the line that these huge monetary incentives are necessary to keep qualified people in the management of these companies. The current batch are clearly NOT qualified or competant. There are thousands of junior executives already in these corporations that certainly coudn’t do a worse job. How about firing those who have made the bad decisions and moving the hungry juniors up the ladder? How about personal responsibility for the CEOs who destroyed their companies? How about holding people accountable for loans THEY took out?
