Why is everyone surprised when the banking bailout turns into a catastrophic failure? The AP is shocked, shocked I tell you that executives are still holding on to their jobs after the bailout (see AP: 9 in 10 execs at bailout banks remain on job). What did the AP think was going to happen to these guys? They took the handout directly themselves. It's not like they were going to fire each other.
My children interact with other kids who have a hand out with a harsh sense of entitlement. We call those kids assholes spoiled and avoid them and their parents. These kids are our apparent future banking leaders.
Banking executives were rewarded for bad decisions, just like the people who handed over the bailout money keep getting elected in spite of their own dysfunctional legacies. There is no greater irony I've witnessed than that of congress lecturing car companies on fiscal responsibility. The only thing worse than that was the pathetic car execs with their fake remorseful faces holding their hands out. Where is John Galt to tell them to get the hell out of his way?
There is apparently some ignorance in human behavior in the media. Fire, hot, burn. No more wood. Put it out.
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