Taxpayer Bailout: Failed Bank Execs, Conan…What’s the Difference?
by Jeffrey JenaImagine there was a bank — you know, one of those evil fat cat banks the Obama Administration loves to hold up as Economic Bogeyman — that had taken a large piece of financial backing from The Federal Government. Now imagine there was a guy working at that bank for 17 years who was a rising star in the financial world and who landed a big promotion after the bailout of this bank. Then suddenly this rising star isn’t performing so well. The profits in his division are down. He has a contract, but because times are tough and the guy’s falling performance the bank gives him the ax.

So the guy makes a big stink and demands that if he is going to be replaced the bank has to buy out his contract.
The bank offers him 30 million dollars to take a hike.
“That isn’t good enough,” the guy says. Not only does he want his money but since he is being let go a lot of his staff will also lose their jobs. So he demands another 12 million so they all enjoy a soft landing.
The bank says “ok” and pays out the money. (more…)






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