I’m concerned, listening to talk about the bailout bill, that even if approved it won’t help “the confidence of the markets.” These markets aren’t things, they’re people. The very same people who got themselves — and us — into trouble, are apparently looking for an iron-clad guarantee that everything will be all right. “Protect us from ourselves!” is what they’re really saying. These are the risk-taking masters of the universe? If Phil Gramm is looking for a bunch of whiners, I suggest he look to his buddies on Wall Street.
I don’t get why these debt-holding outfits can’t provide an accounting of exactly what percentage of the mortgages on their books is any good? We’re not getting any specifics. This is a huge gamble, and the big boys absolutely refuse to assume any of the risk, yet they demand their huge payouts. This story, for example, is beyond ridiculous.
WaMu CEO could get $13.65 million for 18 days work
How about just telling Alan Fishman no? Sorry, but no. You don’t get this money.


