Why Don't The Banks Want Bailout $$ Anymore?

[rucky]

Poll question: Why Don't The Banks Want Bailout $$ Anymore?

It's healthy to be cynical about their motives, but let's see how cynical...

Bonus Question: Why are they telling us this? Making it very deliberately public that they don't want/need the money?

[sam sarrha]

1. transparancy is required.... F'n thieves an Cock roaches don't like the light of day

[kimmerspixelated]

4. Heh!!

I bet you're right!

[Nay]

2. A combination of too many strings and bluffing. They're going to

wait for more horrendous news (like the upcoming commercial real estate wipeout) and say, "It's an emergency! You have to give us money now, with no strings, or the economy will completely shut down!"

Sorta like Lucy and the football. They are going to see if we fall for it again.

[Parker CA]

3. Funny, isn't it? As soon as there are real rules to the dispersal of money and potential losses to

their personal bottom lines, they rethink things very fast.

[Still Sensible]

5. Yep, they figure if they can't steal it

why bother?

[KamaAina]

6. It's not worth running a bank for a measly $500,000 a year

that's about what you can make flipping burgers.

At least in La-La Rich Tycoon Land.

:sarcasm:

[liberalmuse]

7. Hahaha. That is classic!

Was it the CEO pay cap? They're lucky the American people don't drag them out into the streets. Bunch of effin' crooks!

[LSdemocrat]

8. They never expected that the media, public, and government would actually check where the money went

[alfredo]

9. Caps on pay.

[WVRICK13]

10. BULLSHIT

They never needed it to begin with. Bush and company rushed to Congress with an emergency situation they had studied for several months and demanded immediate action to prevent a financial meltdown within days. What they were really doing is studying how to reward the HAVES and HAVE MORES before they left town. This false catastrophe created massive fear in the minds and hearts of Americans and we stopped buying things which made the disaster real. Bush and his buddies are guilty of economic terrorism and treason. Yes, TREASON and TERRORISM. A bomb destroys a targeted building and the people inside while they destroyed the entire country. Now it is up to us to rebuild it.

[Donnachaidh]

11. Publicity is a drug to Corporate Welfare Queens too.

They think the majority of the public are morons. They don't realize that the *moron* factor is shrinking, and people who are hungry are watching their antics much, much more.

[backscatter712]

12. If a bank can turn down free taxpayer money because the CEO wants a Learjet,

maybe that bank doesn't really need bailout money to stay afloat.

[MiniMe]

13. The CEO's make the decisions. They don't want their salaries cut

To hell with everybody else, fire them. As long as the CEO gets the big bucks.

[gratuitous]

14. What I find strange

Is how these fatcat CEOs, when the money is just falling out of the sky into their pockets, everything's jake. In fact, they probably need more money and stock options and perks because they're just so fabulously fabulous. Then, the inevitable happens, and their unsustainable business model goes ker-flooey. Suddenly, they don't know anything about their companies; in fact, it's all dependent on some low-level paper-pushing factotum in Des Plaines who was sick last week, and that's why the company went belly-up. Okay, they're leaving, but they'll need a golden parachute. No, $20 million surely isn't quite enough, but if that's all you're going to pay to get my worthless ass out the door, I guess I'll have to settle for that paltry sum.

Now they have a real chance to put all that priceless business acumen to the ultimate test. Sure, the compensation is only $500 large a year, but if they're truly the Masters of the Universe they'd like everyone to think they are, it should be no problem. Lee Iacocca turned Chrysler around working for a dollar a year. When Chrysler actually turned around, Iacocca became a very wealthy man. Nobody wants to market himself as the New Iacocca? Hard to believe.