Posted by
Roxie on Wednesday, November 26, 2008 7:11:26 PM
I've been thinking that perhaps rather than offering bail out funds to bankers who have proven they are inept at managing money, the Feds should consider channeling their "rescue" money to the State and Local bankers who kept their heads during the glory days of lending. Infuse these successfully run banks with funds to loan out using their time honored, reasonable lending practices. Authorize these successfully run banks to complete mortgage workouts and restructuring. Reward successful, professional bankers, and let the high-living, million-dollar-parachute toting failures take a dive...
or we could just cook 'em up and eat 'em.