Failing to cull the weak from the financial services herd

[gulliver]

Shouldn't every single executive of every financial institution we bail out be fired? If we don't cull the herd for weaklings, then we are propagating bad "business genes." Propping up weak business people just gives them an opportunity to fail again and recruit diseases into the herd. Subsidizing weak business people gives them an equal position among successful business people who are their betters.

Suppose you invested in a successful, healthy financial services company. You were smart, honest, and careful. You picked one of the good companies with good executives. Right now, the Republicans are stealing your just profit by propping up failed, corrupt competitors. The successful, responsible executives should have stood alone amid the carcasses of the Bush/GOP cronies and thieves. Instead, Bush and the Republicans are resuscitating companies that market forces and Darwin say are ripe for destruction.

I think the executives who ran these failed companies should be fired and barred from ever participating in a newly regulated financial services business for life. They should be fired all the way down to at least level 3, regardless of their culpability. Get their genes out of the system. Make an example of them. If we did that, I'll bet this wouldn't happen again in our lifetime.

[Duer 157099]

1. If by "fired" you mean "jailed" then yes, absolutely n/t