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US BailOut – Executive Bonuses November 21, 2008

Posted by Chandra in entrepreneurs, Fun.
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“Outrage at what the government is doing to bail out floundering companies, financial and otherwise, is at such a high level that people can’t even take a joke about it.” – ClusterStock Save the Economy – Raise Economy Bonuses

WallStreetfighter has run a paradoy on it, and must read the comments by users in there..

By investing a large portion of the government bailout in executive bonuses we are, in turn, investing in the infrastructure of the American economy. Suppose you are CEO of a major financial institution like me and you’ve just been given a multi-million dollar check for your loyal service over the last year. Now, what will you do with that money? You’ll buy Manhattan real estate, that’s what. So now you own a very nice 3BR, 3 1/2 Bath condo in TriBeCa with a private terrace and brand new Viking range and you’ve paid top dollar for it. The surrounding property values will rise as a result of your purchase and attract new buyers to the neighborhood. The mortgages issued to pay for these condos will help support needy banks and the stores in the neighborhood will have a new customer base. Maybe one of those stores does so well that the owners open a second location uptown or in Boston? I suppose they’ll need to hire a staff to run the place, don’t you? Job creation. And maybe one of those employees in that store in Boston eventually saves up enough money to make a small investment. What then? Then he can come talk to my friends and I, the ones whose selfless actions led directly to his prosperous position.

Friday – thought would add something on a lighter note…