A man who was about to lose his house to the bank suddenly received a generous loan from his folks. They wanted to keep him from going bankrupt so they gave him enough to pay off several bad debits and get ahead on his house payment.
Imagine how they felt when he took a trip to Las Vegas and bought a new big screen TV with surround sound instead. When they confronted him about it he told them not to worry, he hadn’t used any of their money for those things. Once he had paid up those bad debits he had extra money and that’s what he had spent.
His folks had helped him out so he could get back on his feet not buy a lot of fancy toys. It did not mater if it was the loan money or not, if they had not helped he would have been bankrupt. What’s worse, he was back a few weeks later asking for more to fix his car.
The heads of the Wall Street banks that were bailed out last fall because they were going to fail are like that man. The government is like his folks. It’s simple to understand. If they needed the money to keep in business then there should not be trips, toys, and bonuses. It should not and can not be business as usual, that’s what got them where they are in the first place.
Why help them out if they are not going to make changes. They need to tighten their corporate belt and watch their pennies, not buy jets and hold meetings in Vegas. There is no excuse for the CEOs to get a bonus or a huge salary when the only thing standing between the bank and failure is a government loan. They need to stop spending money on wasteful things and get down to the business of getting this countries economy back on it’s feet.
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