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Dustlawyer

(10,538 posts)

12. The officers, directors, and the board members need to pledge their personal fortunes

Reply to JCMach1 (Original post)

Tue May 22, 2012, 11:00 AM

May 2012

when they receive a bailout. This would prevent the need for another bailout b/c they would be more conservative with their gambles if they are risking all their own money.

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In Europe, Banks Get Bailed Out and Countries Get Austerity [View all] JCMach1 May 2012 OP

Good research - kick. nt TBF May 2012 #1

Keep bailing them out and they'll keep doing it... n/t PoliticAverse May 2012 #2

Wouldn't the conditions be worse than austerity if a countries banks collapsed? dkf May 2012 #3

My point is not about keeping essential banks afloat, JCMach1 May 2012 #4

Shareholders got wiped out. dkf May 2012 #7

Follow the money and see who got wiped out... JCMach1 May 2012 #9

It's an equal opportunity thing...all shareholders got hit. dkf May 2012 #16

Yeah banks need to keep functioning............ socialist_n_TN May 2012 #5

Dexia shareholders were wiped out. dkf May 2012 #14

No. Austerity is the worst possible option. Zalatix May 2012 #13

Madoff was 1/600th of Dexia's issue. Not a "big percent." nt Dreamer Tatum May 2012 #6

Just an example of the deals they were doing though... JCMach1 May 2012 #10

Same with Josef Ackermann and Deutsche Bank suffragette May 2012 #8

Exactly JCMach1 May 2012 #11

Great work you did pulling that all together JC suffragette May 2012 #18

The officers, directors, and the board members need to pledge their personal fortunes Dustlawyer May 2012 #12

It's not just in Europe my friend n/t maxrandb May 2012 #15

SOMEBODY has to pay for this big party gratuitous May 2012 #17