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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:40 PM
Original message
Why aren't the CEOs and others who profited from these fraudulent
practices being asked to pay back the money they stole through their fraud?

Instead of bailing out the companies, why not hold the CEOs accountable for their takes over the past years?

Please recommend this OP is you think that the CEOs who profited from the fraud should have to pay back their bonuses and other "earnings"?

Why should they be paid out of our taxes, especially our Social Security taxes?
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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:46 PM
Response to Original message
1. Because "It's a big club and you ain't in it." --George Carlin
And neither am I.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:02 PM
Response to Reply #1
3. That's what we have to change.
They shouldn't be in the club if we aren't.
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pokerfan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:10 PM
Response to Reply #1
6. "It's called the American dream because you have to be asleep to believe it."
http://www.youtube.com/watch?v=kJ4SSvVbhLw">George Carlin on the American Dream (4:49)

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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 02:50 PM
Response to Original message
2. If we seized all the assets of the managers of these companies..
that would probably rake in a couple of hundred million. I also think steep taxes should be levied on corporations to pay for all of this. Trickle down ain't working.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:05 PM
Response to Reply #2
4. Thanks for supporting this idea.
There is such a thing as fraudulent transfer. That is the idea that a failing company or person approaching bankruptcy cannot pay off certain select debts and then discharge the rest of the debts in bankruptcy. A party that receives money from a bankrupt debtor is some cases has to pay that money back. That applies in certain cases. Why shouldn't it apply to some of the payments that these huge companies have made over the past couple of years to some of the CEOs, board members, perhaps others we don't know about? Why should the FED and the Treasury be bailing them out if they have paid out certain preferred parties such as the CEOs they fired in the past couple of years?
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-17-08 03:06 PM
Response to Original message
5. To use another Carlin quote:
"The rich make all the money, pay none of the taxes. The middle class pays all the taxes, does all the work. And the poor are there just to scare the shit out of the middle class. Keep them showing up at those jobs!"
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